Two $billion a year income will service $57 billion debt @ 3.5%.bond rate
so a future Campbell Newman Government would have to get more than
$57 billion for the electricity assets without any attached liabilities.
Then once private enterprise gets its hands to what amounts to be a
monopoly, it will simply put up the electricity price.
Just look at what happened in Victoria.
A few months after the privatisation of Medibank Private Sky News
reported yesterday that there was a private health insurance premium
increase of 7% pending.Two decades ago once the Comm Bank was
privatised we saw a plethora of increased bank fees and charges.
So the bottom line for electors and consumers is that once public assets are
privatised the price goes up. The privatisation of electricity billing a decade
ago in Queensland was supposed to see lower electricity bills due to
competition but instead we have has increasing electricity bills at about
3 times the CPI.
Mr Newman made a dogs dinner out of inner Brisbane tunnels and
roads with an idiotic mix of private and public ownership with
tolls tat the average working Queenslander cannot afford and
which eventually sent these projects bankrupt. The proper solution
would have been to complete the circular road to the West linking
up the M1 to Ipswich completing the circuit. Instead we still have
all roads converging on the CBD making the inner city network
a very expensive carpark.
Now Mr Newman is asking us to trust him by proposing to
sell our electricity generating assets to porkbarrel LNP
electorates in the bush in the form of superhighways
going nowhere.
We have the cheapest coal in the world so we should have the cheapest
electricity in the world but instead Mr Newman is positioning us
to be gouged by private enterprise who will have what amounts
to a monopoly if an LNP Government is returned.
