when power companies are privatised the customers are at the mercy of the markets.
when power companies, like WA , are in government hands the customers are at the mercy of the incumbent government.
however customers get screwed either way - you pay the market price OR the government subsidises out of taxpayers funds.
Look at WA - the government is having to support the coal mine which supplies our main power stations to the tune of $40M last year and now $220m to the end of 2026. Thats $260M odd of taxpayers money because the commercial owner of the coal mine is in administration because they cannot supply coal at the contracted price and make a profit ( or even break even ). But we need the coal.
And yes i live in WA, i still prefer power supplier to be a government owned provider despite the failings.
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$10.35 |
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Change
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