Carbon price benefits shared by all Tasmanians Fri 8 June 2012 Bryan Green Deputy Premier The Minister for Energy and Resources, Bryan Green, today rejected suggestions that Tasmanians would not receive the benefits of the carbon price that will flow to Hydro Tasmania. Mr Green said the State Government was delivering power price relief of $37 million a year, or $200 a year relief for the average home, which will largely be funded by carbon price benefits. "Mr Booth is also ignoring the fact that the benefits from Momentum's business will be returned in the form of dividends to the State which helps fund services like hospitals, schools and law and order," Mr Green said. "Momentum is operating in an extremely competitive environment against the likes of Origin Energy, AGL and TRUenergy which are the biggest players in the national electricity market. "These retailers in Victoria for example are offering contracts with no energy rate increases for up to two years disregarding the price on carbon even though they don't have the clean energy advantage Momentum does. "These are competitive market forces at work and we hope Tasmanian consumers will benefit when full retail competition is introduced under the Government's energy reforms. Mr Green said Hydro Tasmania expects to return almost $120 million in dividends and charges this financial year and those dividends are expected to increase when the carbon price is introduced "Treasury modelling suggests the additional benefit of increased dividends to the Tasmania Budget will be around $60 million to $70 million a year. "These increased dividends will allow us to halve the power price rise expected on July 1 while also investing in core services. "The Tasmanian Government is also boosting electivity concessions meaning a third of customers will receive a $450.76 a year discount from 1 July. "Kim Booth's claim that Tasmanians will not receive the benefits of the carbon price simply doesn't stand up to basic scrutiny. "Mr Booth is clearly as confused as the Liberal Party when it comes to the benefits of carbon pricing. "On the one hand Joe Hockey claims the carbon tax windfall doesn't exist and on the other Will Hodgman is attempting to spend the benefits of the tax in his alternative budget."