Why is it bad?
The NSW Government is planning to privatise the publicly owned electricity network. The publicly owned electricity companies include Essential Energy, Transgrid, Endeavour Energy and Ausgrid. If these publicly owned electricity companies are privatised the people of NSW will be worse off with residents and businesses left paying higher electricity bills.
What the sell off will mean for you:
- Higher electricity prices
- A less reliable network with more blackouts
- Massive local job losses
- Reduced public safety
What it will mean for NSW:
Last year, the Government received $1.7 Billion in profits to help pay for other public services like our hospitals, schools and transport.
Once the poles and wires are sold, we lose this money. This means we have to find it from somewhere else or cut back on other services.
Here are some other scary facts:
- The money lost from selling our poles and wires is the equivalent of 21,000 nurses, teachers or fire fighters.
- Lack of maintenance by private owners was named by the 2009 Bushfire royal commission as the direct cause of 5 of the 2009 victorian bushfire disaster resulting in the significant loss of life and property.
- The likely buyer of our Poles and Wires is China State Grid – a chinese government owned company – the largest utilities company in the world with more than $60B in assets – they already own Victoria & Sth Aus electricity plus the entire eastern Australia gas network.
- In other states where they have sold off their Poles and Wires, prices and customer complaints have gone up, reliability has gone down, massive job losses particularly in regional areas.
- If the electricity sector is privatise we expect that NO apprentices will be employed for a number of years, possibly a decade.