Emissions Trading Scheme will cost Australian families $1,100 a year

KEVIN Rudd's Emissions Trading Scheme will increase the average family's bills by about $1100 a year.

Based on the Federal Government's own modelling, by 2012 the ETS will add more than 20 per cent to electricity tariffs - a surge of nearly $300 for typical households already reeling in New South Wales from a similar blow from the state pricing tribunal in July.

And industry forecasts predict grocery prices could surge 5 per cent once the estimated price of carbon is imposed, making stocking a home larder $520 more expensive, The Daily Telegraph reports.

Full article here http://www.dailytelegraph.com.au/news/national/emissions-trading-scheme-will-cost-australian-families-1100-a-year/story-e6freuzr-1225803490366

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