Poles and wires: a good time to sell

The NSW state election was, in effect, a ballot on a single issue: whether to privatise half of the states electricity distribution system. I won’t get into the politics of that choice but it is worthwhile making a few points about the sale.Critics say that, collectively, the distribution system paid a dividend of $1.7bn to the state and that selling such a cash cow is bad business. They also suggest private owners would simply increase charges on a monopoly asset.Rubbish. Network charges are regulated by the Australian Energy Regulator. Every few years, networks have to make submissions to the regulator...

The NSW state election was, in effect, a ballot on a single issue: whether to privatise half of the states electricity distribution system. I won’t get into the politics of that choice but it is worthwhile making a few points about the sale.

Critics say that, collectively, the distribution system paid a dividend of $1.7bn to the state and that selling such a cash cow is bad business. They also suggest private owners would simply increase charges on a monopoly asset.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles