%T Electricity and privatisation: what happened to those promises? %A David Richardson %I The Australia Institute %D 2013 %K Power resources, %K Economics %U https://apo.org.au/node/33826 %X Electricity prices are a major contributor to cost of living pressures and a major cause of concern for Australian consumers. While the carbon tax has recently been depicted as the main culprit in electricity price increases, electricity prices have been increasing rapidly for the past two decades. The cost of electricity increased by 170 per cent from 1995 to 2012, an increase four times higher than the rise in the consumer price index (CPI). %9 Report