News
Infrastructure spending doesn’t require asset sales: New research offers sustainable alternatives to sell off
New roads and public transport infrastructure can be built, an infrastructure fund created, and budget sustainability improved, all while retaining essential services in public hands, according to an options paper aimed at starting a genuine debate around alternatives to privatisation. Read More »
Andrew Constance meeting with Chinese state owned power giant adds to fears over electricity network sale
Treasurer and Member for Bega Andrew Constance has been urged to reveal the purpose of his meeting with Chinese Government owned State Grid Corp following reports it is the leading contender to buy the NSW electricity network under Liberal and National Party privatisation plans. Read More »
Poll: consumers in states with privatised power say prices now higher and they would support a public by-back
Mike Baird’s claim that power consumers in Victoria and South Australia are better off with privatised electricity networks has been exposed, with a new poll revealing consumers in those states believe prices are now higher, with the vast majority in support of a government buy-back to return power assets to full public ownership. Read More »
Every power consumer in NSW to be impacted by Baird Government’s electricity network sale plan
The full privatisation of TransGrid, which operates the high-voltage transmission network throughout NSW, will impact on every electricity consumer in NSW, risking higher prices and reduced services, according to the Stop the Sell Off campaign. Read More »
Independent research by leading Australian economist busts myths behind Baird’s power sale
New economic research has revealed that the sale of the NSW electricity network would see a loss of recurrent revenue and pose a long term risk to the State’s credit rating. Read More »
Baird infrastructure promises far exceed power sale proceeds and will leave $1 billion budget black hole
Premier Mike Baird’s infrastructure promises are a cynical attempt to buy the March election, with promised spending already far exceeding the potential proceeds of his sale of the electricity poles and wires, according to the Stop the Sell Off campaign. Read More »
Chilling reality of privatised electricity made clear by Victorian experience
Chilling reality of privatised electricity made clear by Victorian experience The reality of life under a privatised electricity network has […] Read More »
Baird declares election victory: appoints investment banks to run electricity sale
NSW Premier Mike Baird has arrogantly bet millions in taxpayers’ dollars that he will win the March 2015 State Election. Read More »
ACCC warning of negative impact on consumers from poles and wires sale exposes Baird’s spin
The consumer watchdog’s stark warning that privatisation of the NSW electricity network will have a negative impact on consumers and push up prices has exposed Premier Mike Baird’s promotion of the sale as empty spin, according to the Stop the Sell Off campaign. Read More »
Budget shows electricity network is NSW’s most valuable income-generating asset, delivering state $1.42 billion
NSW Budget papers have confirmed that the electricity poles and wires remain the most valuable income generating asset for the people of NSW, with network businesses delivering $1.42 billion in dividends and income tax equivalents to the budget bottom-line. Read More »