Electricity prices set to rise by 62% by 2013

"NSW households will need to brace themselves for the first impact of the Federal Government’s proposal to cut emissions, with electricity prices expected to rise steeply over the next few years. The state’s pricing regulator, the Independent Pricing and Regulatory Tribunal (IPART) has today recommended that electricity prices rise by up to 62 per cent, including inflation, over three years." read more