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Byron Shire
April 12, 2021

No benefit for north coast in electricity sell-off

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Paul Spooner, Labor Candidate, Ballina Electorate

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The Liberal/National government is spruiking the privatisation of our electricity poles and wires for $20 billion. A figure that is now in serious dispute with the Australian Energy Regulator cutting the value of the NSW electricity network by more than 27 per cent – blowing a multi-billion dollar funding hole in Mike Baird’s electricity privatisation plan.

What’s worse is if we sell off these assets where is the benefit for the Northern Rivers? Sydney can expect an $8.9 billion boost for public transport. What do the Northern Rivers get under the government’s plan for public transport? $0.

If we are going to sell off our future shouldn’t we be getting something in return?

The benefit of keeping the electricity network in public hands is that we all continue to benefit from the up to $1.7 billion we get every year that can be invested in schools, hospitals and infrastructure. Now that’s good management in my book.

 


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1 COMMENT

  1. Paul – Labor has been a willing participant in privatization since economic rationalism swept across Australia in the 1980s.
    Could you please confirm that the NSW Labor party (if elected) will not privatize poles and wires in NSW – or anything else for that matter.
    If you cannot give an iron clad guarantee then I would suggest that you refrain from this form of (free) political advertising.
    It is all well and good to argue against the Liberals’ policies but Labor’s record suggests that it is – to paraphrase Gore Vidal – the other arm of the property party.

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