Tax 'not to blame for rising costs'

AGL Energy has argued that it is not solely the carbon tax to blame for the trends of rising electricity prices.

The Australian Associated Press reports that the firm is calling for the deregulation of what consumers are charged.

It specified that if electricity costs are fully deregulated, then this will enable suppliers to bill according to the time of day and night at which power is used.

Representatives of welfare agency Anglicare have also been calling for changes to be made to power bills, arguing for more support to be given to strugglers who do not have savings accounts to fall back on and are being left exposed to increasing costs.

"An alternative solution would be to fully deregulate electricity prices and allow energy retailers to offer competitive time of use energy pricing," commented AGL chairman Jeremy Maycock.

He criticised regulators for adopting short-term, populist policies that fail to address the root cause of the problem of rising costs.

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