Network writedowns: 'free lunch' should come with a health warning

Claims that a writedown of NSW's power network businesses could deliver net benefits to current and future owners, as well as electricity consumers, is flawed on two fronts.


The article Time to write down the value of NSW networks (October 17) makes the remarkable claim that ‘everyone can win’ from a writedown of the value of NSW electricity network assets.

A close inspection of the supporting report by Bruce Mountain, of Carbon  Energy Markets, suggests this claimed free lunch ought to come with a health warning.

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