RAJ REPORT

Labor lies on Electricity Privatisation being exposed in NSW —How will the Queensland Labor explain the drop in DIVIDEND from electricity business ,when the regulator forces electricity prices DOWN in Queensland——-The DEBT in Queensland WILL KEEP RISING————He said prices would fall, for two reasons. Firstly, the regulator would enforce its demand for lower prices no matter who owned the assets, and secondly, because the evidence suggested that private owners would run the network at lower cost.

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He has also campaigned that the budget needed a claimed $1.7bn in dividends from the electricity businesses, but this week he ­accepted Treasury figures showing a decline in dividends to $400 million a year within three years but, even with this, still plans to keep the budget in surplus.

Tony Wood, head of the ­energy program at the Grattan ­Institute, says that when one argument against privatisation falls over, Labor invents another one. He said of its original argument that prices would rise under private ownership, “well that’s a load of rubbish’’.

He said prices would fall, for two reasons. Firstly, the regulator would enforce its demand for lower prices no matter who owned the assets, and secondly, because the evidence suggested that private owners would run the network at lower cost.

The anti-Chinese investment argument was “getting to the bottom of the barrel’’.

Mr Wood said that there had been Chinese, Hong Kong Chinese and Singaporean Chinese investment in the power industry for ­almost 20 years.

“They are very clever and canny and they have made a lot of money out of it, but there is no ­evidence that they have behaved in any way which would give you reasons for concern,” he said.

 

 

 

 

NSW election 2015: Labor figures disown ALP’s ‘disgraceful’ campaign | The Australian.

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