Monday 10 December 2018

The break up of Electricity Companies

Been a bit crook and even missed some of the test cricket.

Tony wood of the admirable Grattan Institute makes a number of good points in THIS article.

He neglects the issue of sovereign risk, He also does not discuss whether the private sector should be involved in the electricity industry. given it is an essential industry it is a textbook case of an industry should have NEVER been privatised and has been text book case of a complete and utter failure.

The only reason why the industry is not nationalised is because the States cannot afford it.

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