Carbon Tax Removal Substantiation Statement

18th August 2014

Bluewaters Power 2 Pty Ltd operates in the SWIS and is a wholesaler of electricity who sells to retailers. With the recent repeal of the carbon tax Bluewaters has calculated the savings on an average annual percentage price basis to be passed on to our customers will be 21.62%. This carbon tax savings represents 100% of the price Bluewaters Power 2 has incurred since the introduction of the carbon tax.

Bluewaters Power 1 Pty Ltd operates in the SWIS and has both commercial and mining customers. With the recent repeal of the carbon tax Bluewaters has calculated the savings on an average annual percentage price basis to be passed on to our customers will be 31%. This carbon tax savings represents 100% of the price Bluewaters Power 1 has incurred since the introduction of the carbon tax.