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Carbon Tax Removal
COMPETITION AND CONSUMER ACT 2010
CARBON TAX REMOVAL SUBSTANTIATION STATEMENT
Section 60FD(2) of the Competition and Consumer Act 2010 (Cth) requires that Landfill Gas & Power Pty Ltd ABN 89 053 919 430 (LGP) provide, for each class of electricity customers LPG’s estimate for the cost savings that are attributable to the carbon tax repeal and that have, or will be, passed on to its customers.
LGP supplies electricity to a single class of customers, being Large Contestable Customers within the Western Australian South West Interconnected system who consume more than 160,000 kWh of electricity per annum.
LGP estimates that, for the financial year commencing 1 July 2014, the repeal of the carbon tax will result in an average annual percentage price cost saving of 8.5% for those customers.