The repeal has been met with mixed reactions from State leaders.
New South Wales
NSW households will enjoy lower gas and electricity bills with the carbon tax now scrapped, the state government says.
NSW Energy Minister Anthony Roberts said the average electricity bill could fall by 6 to 8 per cent, while gas bills may drop by 4 to 6 per cent.
“The repeal of Labor’s carbon tax means energy retailers can now remove the carbon component from their customers’ bills,” the Liberal MP said in a statement.
Victoria
The repeal of the carbon tax will free up public funds needed to pay for essential services and transport, Victoria's premier says.
Denis Napthine also said it would also result in lower electricity and gas prices in a “relief to households and businesses across Victoria”.
“In the carbon tax era, we saw the cost of electricity to drive our public transport system - particularly metro trains - to drive our trams, and for the energy cost of our hospitals, they had the carbon tax impost on them,” he said.
“That was an impact on our basic services that affected all Victorians and with the removal of the carbon tax that will free up those resources.”
Northern Territory
The Northern Territory government says the handbrake’s been let off its economy now the carbon tax has been axed.
Treasurer Dave Tollner wants savings from the repeal of the carbon tax to be passed on to consumers as soon as possible, backdated to July 1.
Mr Tollner anticipates $142 in savings on an average utility bill per year, and up to $790 for small businesses.
He says the government will remove the carbon tax component of pricing by the Power and Water Corporation as quickly as possible.
Western Australia
The Western Australian government says the repeal of the carbon tax is a win for state households.
It says residents should enjoy 8 per cent lower electricity prices and a 4 per cent fall in gas prices.
Treasurer Mike Nahan says the tax was ill-conceived, achieved very little and was a massive burden on the state's families and businesses.
Dr Nahan says it’s been estimated the tax directly cost WA government agencies about $60 million in 2014-15 due to higher prices for goods and services.
South Australia
South Australian premier Jay Weatherill says the repeal of the carbon tax creates uncertainty for investors and threatens jobs.
He said the Abbott government had left the nation without a credible policy to tackle climate change.
“We believe that climate change is real. We also believe that taking action to address climate change is essential,” Mr Weatherill said in a statement.
“The Liberal Party does not.”
The most effective way to tackle climate change is through a market-based mechanism which necessarily involves putting a price on carbon, the premier says.
Tasmania
Tasmanians have been spared from an unfair carbon tax which has cost the state more than $100 dollars, according to the state government.
It estimates the move will save households about $164 a year and small businesses $136 annually.
Energy Minister Matthew Groom says it was an unfair tax paid for by Tasmanians who use carbon-free energy generated by hydro dams and wind farms.
Mr Groom says energy provider Hydro Tasmania, the nation's largest producer of renewable energy, was a profitable outfit prior to the introduction of the carbon tax and would continue to be so without the levy.
