Businesses Brunting Immediate Energy Cost Spike of 14.5% Reports GCS Spray Foam

San Francisco, CA -- (SBWIRE) -- 02/01/2013 -- The energy costs for the average business have risen by nearly 15% immediately following the carbon tax being introduced. This, according to a new research study by the Australian Industry group.

Released on Tuesday, the report found that an increase in the total cost was consistent across the business sectors; yet, the distribution remained uneven, including food manufacturers, who were hit hardest of all.

The report took a sample size of nearly 500 businesses at the end of November of 2012. For the food manufacturers, the report was highly troubling, as nine out of every 10 reported an immediate rise in the cost of input due to the carbon tax.

A spokesperson for the Australian Food and Grocery Council reported to SmartCompany that while the AI group report did provide some good indication of the carbon tax cost, it was clearly too early to determine that actual cost for a full fiscal year.

In a statement released, the spokesperson noted: “It’s a little bit too early to examine it at this stage... while the AI Group report provides a good indication of the costs of the business impacts of the carbon tax, there will be a better opportunity at the end of the financial year.”

The spokesperson continued by stating that “More broadly, as an industry, our sector is experiencing difficult trading conditions like all other manufacturing. Last year, according to that state of industry report, the total industry output contracted by 4.5% in 2010-2011, while total industry employment declined by 2.2%, almost 7000 people in 2011-2012,” according to the AFGC.

Across other industries, businesses in the manufacturing sector reported that the increase was 14.5%, while service provides noted a 13.6% increase as their energy bill jump by 14.8% overall.

AI Group chief executive Innes Willox noted within a press release that businesses are making much ado about nothing when it comes to the carbon tax.

“In the November survey, manufacturing businesses attributed close to 85% of their total electricity cost increases over the past year to the carbon tax, whereas data from other sources suggests that, at least for many smaller businesses, the contribution of the carbon tax to total energy price rises was probably closer to one half,” Wilcox says.

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