BOWMAN MP Andrew Laming, in Canberra when the Senate repealed the carbon tax, initially warned Redland taxpayers not to expect household savings of $550, as touted by Prime Minister Tony Abbott.
"It will be $550 lower than it otherwise would be, but if other elements have made prices go up by $100 then you won't see a $550 fall on any bill," he said.
"But you'll be $550 better off than you otherwise would have been, and that's a very important caveat."
However, after the legislation was repealed, Mr Laming said households could expect drops of about $200 on the average household electricity bill and about $70 on the average gas bill.
"Queensland Competition Authority figures showed abolishing the tax would lower electricity bills for a family by between $174 and $240 a year," Mr Lamin g said.
"Small businesses will save between 7 and 10 per cent on their power bills."
Mr Laming said businesses servicing island communities were "big winners" as an excise credit on diesel fuel would rise 7c a litre to 38c a litre, which is what it was before the tax was introduced.
"Operators bore the full financial burden of the carbon tax and fuel excise decrease without passing it on to passengers," he said.
