Antinuclear

South Australia held to ransom with privatised electricity distribution

 Dennis Matthews , 7 February, 2015  South Australia’s electricity consumers have been held to ransom ever since the Olsen Government privatised the monopoly electricity distribution arm of ETSA and Rob Lucas gave the new owners a guaranteed return on investment. Chief beneficiary of this folly is a billionaire Chinese businessman (The Advertiser, 2/2/15) who must be wishing the whole of Australia was as naive.

It’s time to do a Playford and nationalise monopoly essential services that are holding SA to ransom. Sure, the SA Government might try to do the same as a private owner but there is a big difference. The SA Government is answerable to the consumer every four years and, as shown by the defeat of the Olsen Government and two successive Queensland governments, the public will not stand for such ideologically-driven nonsense.

The sooner we buy back the monopoly electricity distribution system the sooner confidence will return to both public and private consumers.

February 7, 2015 - Posted by Christina Macpherson | energy, South Australia