...soaring compared to what....
As usual, to get to the truth, one has to ignore the melodramatic attention seeking headlines and dig quite deep to actually find the real story behind the numbers which form the basis of the article and all the 'claims'.
I cannot speak for the ther states, but here in WA, the Labor Party when it was in power (Feb 2001 thru to Sept 2008) had a deliberate policy of not increasing power costs at all.
This was kept artificially low for 7.5 years despite the cost of producing the electricity, and more importantly the cost of maintaining the aging distribution network going thru the roof during that time. Politically popular - yes, but not reflective of the reality.
Flat-lining prices for over 7 years whilst the cost of production rises continually has consequences.
As usual, when the Liberal Party got into power here in Sept 2008, they finally got to see the real figures and the real state of the economy, and immediately set about increasing prices to try and reflect what it actually costs to deliver to the household consumer.
Here in WA, we've had power prices increased by 62% since Sept 2008. We haven't quite reached the cost of production and distribution, but we are a damn lot closer than we were in 2008.
Of course, when you ignore all that background information, and just look at the prices charged.....sure, it looks like Labor did a wonderful job for 7 years and the Liberals are thieving mongrels.....and politically, that's exactly the way Labor planned it.
Our state Labor opposition leader Mark McGowan will be using this little spin as his main weapon during the lead up to the upcoming state election in March 2013.
Of course, trying to graph the true cost of production and distribution vs prices charged is lost in the 3 second sound bite that TV and radio journalists want.
The challenge for all state leaders is to unpick the spin and get the clear message out. I think Colin Barnett and the Libs here in WA will be OK, cos the population actually still listens to what they have to say.
Julia Gillard on the other hand wil have a devil of a time, as she does with everything she says, because people around the country simply have switched off, and no longer are listening to what she has to say.