The federal government was successful in pushing the repeal through the Senate yesterday, finally achieving one of the Coalition's key promises from last year's election.

Prime Minister Tony Abbott and others had been in discussions with balance of power parties including the Palmer United Party. After protracted negotiations, including a last minute withdrawal of support by Clive Palmer last week, the proposal was finally passed by a margin of 39 to 32.

It was met with celebration by Liberal and National Party members, while Labor and the Greens both mourned the demise.

Mr Coulton said people should start to see the benefits in the coming months, with all carbon tax charges ending yesterday.

"It's been a long debate but this is good news for people and it will make life much easier for businesses," he said.

"Those who have been worst affected are the likes of farmers and small businesses. Farms use a lot of electricity so they have faced big increases and small businesses often have refrigerators and big airconditioner systems for the comfort of customers that have driven their expenses up."

The government is claiming the removal of the carbon tax will save households an average of $550 a year, with electricity and gas prices both expected to drop. Mr Coulton said residents could expect a noticeable drop.

"People should notice a section of their bill will be removed from this moment. If it doesn't the ACCC has been given extra funds to monitor and keep account of the industry to ensure there is nothing unethical going on," Mr Coulton said.

"It's will be a noticeable saving, not a massive saving but there will be flow on effects. This will be a long term benefit for the economy."

Greens leader Christine Milne appeared genuinely upset at the demise of the carbon tax. She is claiming the government's abandonment of the tax will ensure a short term in power for the Coalition.

Labor leader Bill Shorten also confirmed his party will take an emissions trading scheme to the next election.

The Australian National Retailers Association is claiming that shoppers will benefit, with a competitive market ensuring retailers will pass any savings while the mining industry and NSW state government have also thrown their support behind the tax's abolition.