Despite consumers using less electricity, energy prices are soaring, power companies are recording big profits and paying large dividends to the state government. An Auditor-General’s report on New South Wales electricity providers found than many companies post-tax profits were up from $100 million to $1.2 billion in 2011-2012. Similar figures were echoed with dividend payments, essentially a tax paid by electricity users, rising from $100 million to $1.4 billion. The report also found that many …
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