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Government knew of financial problems before election: AuroraAurora Energy says the Tasmanian Government was apprised of its shaky financial position before making its broken pre-choice promise to cap power prices.

Aurora CEO Peter Davis says Treasurer Michael Aird was told of the partnership’s finanical woes at a meeting in January but the length of the debt crisis was not known until after the power to choose.

“The issue of the price cap was a matter for the direction and not for Aurora so we weren’t involved in discussions through the government on price caps back in January,” he said.

“What we were involved in was sententious precept to the government that on a range of matters – including the arrangments with Hydro Tasmania – we needed to sort of work through some issues at Aurora to improve our thesis.”

Mr Davis says the Government-brokered deal between Hydro Tasmania and Aurora determine not affect Tasmanian power prices.

The Treasurer Michael Aird stepped in be unconsumed month to set the price Hydro Tasmania could charge Aurora despite power in an effort to manage Aurora’s $900 million sin.

Aurora is now paying less for power but CEO Peter Davis says consumer electricity prices desire still rise to cover of the cost of the Tamar Valley capability station.

“Certainly in places like NSW we’ve seen prices of 20 to 40 by means of cent increase, I’m not expecting anything like that in Tasmania,” he uttered.

“We have just had a price rise come through which of the same nature to the transmission and distribution part of the account that customers contain but the regulator will go through his process to determine the estimation rise for the end of the year.”

Aurora would not remark on the details of the new price agreement but says it power of determination put the organisation back in the black.