Australia's largest stock trading and investment forum Australia's #1 stock forum

Power cost surges as renewables are penalised, page-13

First 13 Last

Share
Profile

Follow
sierra

10,786 Posts.

19/06/15

22:18

Post #: 15500051
Share

Originally posted by tristanc ↑

This is why privatization of essential infrastructure (the grid, the phone network etc.) is so godawfully stupid. It's perfectly reasonable for a government-owned organization to forego profits and wind down gracefully in favour of a disruptive new technology (solar/storage, the real NBN) if it's in the best interests of the country. A private company, on the other hand, is legally obliged to protect its shareholders' profits by fighting tooth and nail to maintain its dominance, holding back the progress of competition as long as it possibly can.

Expand

You're right, the government now needs to buy all the infrastructure back so that it can absorb the loss as the changes take place. Otherwise it will be chaos and the cost will be far greater for the community.
Upvote

Reply

Top Stories

AI stocks: What to expect in 2024-25

Talking Australia's very competitive property landscape: Realty Talks

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

EVN

Evolution shares up 3% on quarterly results for June showing rise in gold production

NRX

Noronex joins forces with South32 to look for copper in Namibia

There are more pages in this discussion • 21 more messages in this thread...

First 13 Last