Australian Politics Forum - Electricity Privatisation successful!

James Bluntus Senior Member Offline Australian Politics Posts: 456 Gender:	Electricity Privatisation successful! Dec 14^th, 2010 at 1:21pm http://www.dailytelegraph.com.au/news/bn-sell-off-sparks-price-hike-fear/story-e6freuy9-1225970697031
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Dnarever Gold Member Offline Australian Politics Posts: 61105 Here Gender:	Re: Electricity Privatisation successful! Reply #1 - Dec 14^th, 2010 at 2:06pm I would think a bad idea by Labor and a dishonest responce from the Libn's.
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James Bluntus Senior Member Offline Australian Politics Posts: 456 Gender:	Re: Electricity Privatisation successful! Reply #2 - Dec 14^th, 2010 at 2:09pm Dnarever wrote on Dec 14^th, 2010 at 2:06pm: I would think a bad idea by Labor and a dishonest responce from the Libn's. Well, if the libs get in, they are gunna sell it anyway. So, the state is in between a bad government and a lack of an alternative government.
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Verge

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Re: Electricity Privatisation successful!
Reply #3 - Dec 14^th, 2010 at 2:11pm

James Bluntus wrote on Dec 14^th, 2010 at 2:09pm:

Dnarever wrote on Dec 14^th, 2010 at 2:06pm:

I would think a bad idea by Labor and a dishonest responce from the Libn's.

Well, if the libs get in, they are gunna sell it anyway. So, the state is in between a bad government and a lack of an alternative government.

The state is broke, that is the problem.

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James Bluntus

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Re: Electricity Privatisation successful!
Reply #4 - Dec 14^th, 2010 at 2:16pm

Verge wrote on Dec 14^th, 2010 at 2:11pm:

James Bluntus wrote on Dec 14^th, 2010 at 2:09pm:

Dnarever wrote on Dec 14^th, 2010 at 2:06pm:

I would think a bad idea by Labor and a dishonest responce from the Libn's.

Well, if the libs get in, they are gunna sell it anyway. So, the state is in between a bad government and a lack of an alternative government.

The state is broke, that is the problem.

Thats true too.

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Verge

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Re: Electricity Privatisation successful!
Reply #5 - Dec 14^th, 2010 at 2:18pm

The New South Wales Opposition says it is concerned by reports the Government has completed the privatisation of its electricity assets, a move which will raise an estimated $5 billion.

Today's Australian newspaper says electricity retailers Integral Energy and Country Energy have been bought by Origin Energy.

In announcements on the stock exchange this morning, Origin has requested a halt to trading while AGL has confirmed it spent $13 million on its bid offer but did not acquire any assets.

State Treasurer Eric Roozendaal has foreshadowed an announcement later today.

The report says retailer EnergyAustralia has been acquired by TRUenergy.

Origin and TRUenergy have also bought the rights to trade the output from power stations.

Opposition treasury spokesman Mike Baird says the sale process is flawed.

"This transaction is madness, it is literally giving away billions of dollars," he said.

"We cannot afford to give that money away. Any premier or treasurer that oversees something that moves from a fire sale to a charity giveaway has absolutely nothing to be proud of."

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And why not, if you will permit me; why shouldn’t I, if you will permit me; spend my first week as prime minister, should that happen, on this, on your, country - Abbott with the Garma People Aug 13

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Sprintcyclist Gold Member Offline OzPolitic Posts: 41229 Gender:	Re: Electricity Privatisation successful! Reply #6 - Dec 14^th, 2010 at 2:18pm Who made the state broke ?
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gizmo_2655 Gold Member Offline Australian Politics Posts: 16010 South West NSW Gender:	Re: Electricity Privatisation successful! Reply #7 - Dec 14^th, 2010 at 2:18pm Privatisation is ALWAYS a bad idea...
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Dnarever

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Re: Electricity Privatisation successful!
Reply #8 - Dec 14^th, 2010 at 2:27pm

gizmo_2655 wrote on Dec 14^th, 2010 at 2:18pm:

Privatisation is ALWAYS a bad idea...

Yes but sometimes it is the only option.

I think that after Rees got the punt over it the idea should be dead as far as Labor is concerned.

Tactically Labor should let the Liberals do it and then crucify them over it.

The way it stands now the liberals will get the benefit of it and Labor will cop the criticism, a truly stupid move politically.

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Verge

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Re: Electricity Privatisation successful!
Reply #9 - Dec 14^th, 2010 at 2:30pm

Dnarever wrote on Dec 14^th, 2010 at 2:27pm:

gizmo_2655 wrote on Dec 14^th, 2010 at 2:18pm:

Privatisation is ALWAYS a bad idea...

Yes but sometimes it is the only option.

I think that after Rees got the punt over it the idea should be dead as far as Labor is concerned.

Tactically Labor should let the Liberals do it and then crucify them over it.

The way it stands now the liberals will get the benefit of it and Labor will cop the criticism, a truly stupid move politically.

We all know the benefits are very short lived.

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And why not, if you will permit me; why shouldn’t I, if you will permit me; spend my first week as prime minister, should that happen, on this, on your, country - Abbott with the Garma People Aug 13

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vegitamite

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Re: Electricity Privatisation successful!
Reply #10 - Dec 14^th, 2010 at 2:33pm

Tactically Labor should let the Liberals do it and then crucify them over it.

The way it stands now the liberals will get the benefit of it and Labor will cop the criticism, a truly stupid move politically

=====================

I totally agree.

Which shows how much NSW state labor are committing suicide - and I need to ask why?

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Dnarever

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Re: Electricity Privatisation successful!
Reply #11 - Dec 14^th, 2010 at 2:35pm

Verge wrote on Dec 14^th, 2010 at 2:30pm:

Dnarever wrote on Dec 14^th, 2010 at 2:27pm:

gizmo_2655 wrote on Dec 14^th, 2010 at 2:18pm:

Privatisation is ALWAYS a bad idea...

Yes but sometimes it is the only option.

I think that after Rees got the punt over it the idea should be dead as far as Labor is concerned.

Tactically Labor should let the Liberals do it and then crucify them over it.

The way it stands now the liberals will get the benefit of it and Labor will cop the criticism, a truly stupid move politically.

We all know the benefits are very short lived.

The financial benifits are almost non existant.

However the benifit of avoiding 3/4 of a decade of regular blackouts has some merit.

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Verge

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Re: Electricity Privatisation successful!
Reply #12 - Dec 14^th, 2010 at 2:39pm

Quote:

Tactically Labor should let the Liberals do it and then crucify them over it.

The way it stands now the liberals will get the benefit of it and Labor will cop the criticism, a truly stupid move politically

=====================

I totally agree.

Which shows how much NSW state labor are committing suicide - and I need to ask why?

Do you really need to ask Vegi, look at the state of NSW Labor, its been terrible for years.

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And why not, if you will permit me; why shouldn’t I, if you will permit me; spend my first week as prime minister, should that happen, on this, on your, country - Abbott with the Garma People Aug 13

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Kat Gold Member Offline Socialism IS the answer. Posts: 17709 Everywhere and no-where Gender:	Re: Electricity Privatisation successful! Reply #13 - Dec 15^th, 2010 at 9:21pm NO public utility OR essential service should EVER be privatised. Ever. For ANY reason.
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Sprintcyclist Gold Member Offline OzPolitic Posts: 41229 Gender:	Re: Electricity Privatisation successful! Reply #14 - Dec 15^th, 2010 at 9:40pm buy shares in WHATEVER coy bought it. they will make a motza
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buzzanddidj

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Re: Electricity Privatisation successful!
Reply #15 - Dec 15^th, 2010 at 10:28pm

Kat wrote on Dec 15^th, 2010 at 9:21pm:

NO public utility OR essential service should EVER be privatised.

Ever.

For ANY reason. Angry

I couldn't agree MORE

The only WORSE scenario is public/private partnerships
(No partner has to - or is ever willing to - accept responsability when things go pear-shaped)

UNFORTUNATELY - these two models have been embraced by BOTH major sides of politics

I don't see a reversal at any stage in the near future

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Your Christians are so unlike your Christ.'

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Sprintcyclist Gold Member Offline OzPolitic Posts: 41229 Gender:	Re: Electricity Privatisation successful! Reply #16 - Dec 15^th, 2010 at 10:36pm it's woeful governance that leads a govt to sell off OUR assets and it's a bad move, whatever the budget says. much as i hate to agree with buzz, there it is.
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buzzanddidj

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Re: Electricity Privatisation successful!
Reply #17 - Dec 15^th, 2010 at 10:52pm

We COULD learn ffrom this example - but we probably WON'T ...

Transport for London in £310m deal to buy back the Tube
8/05/2010

The London Tube was last night effectively brought back under state control in a £310million deal.

Transport for London bought the shares of private contractor Tube Lines - which repairs and upgrades some sections.

Mayor of London Boris Johnson said: "This deal is excellent news for London." He added: "I am confident that London Underground is more than capable of delivering the improvements to the capital's network we need, on time and on budget."

The deal brings to an end the £30billion Public Private Partnership which sold off parts of the Tube.

The RMT union's Bob Crow said it was "a recognition that transport privatisation does not work".

http://www.mirror.co.uk/news/top-stories/2010/05/08/310m-tube-deal-to-buy-privat...

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Your Christians are so unlike your Christ.'

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Sprintcyclist Gold Member Offline OzPolitic Posts: 41229 Gender:	Re: Electricity Privatisation successful! Reply #18 - Dec 15^th, 2010 at 10:56pm in other parts of the globe the same experiment has failed. invariably the govt (US) buy back the same asset at a higher price than the govt sold it on us. But the asset has been stripped and is in need of very expensive urgent maintenance.
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tonegunman1

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Re: Electricity Privatisation successful!
Reply #19 - Dec 16^th, 2010 at 5:03am

Sprintcyclist wrote on Dec 15^th, 2010 at 10:56pm:

in other parts of the globe the same experiment has failed.
invariably the govt (US) buy back the same asset at a higher price than the govt sold it on us.
But the asset has been stripped and is in need of very expensive urgent maintenance.

The government treated the state owned electricity generation and provider assets as cash cows and directed these to pay them "dividends" unconnected to any earnings but to cover any black hole or shortcoming of the budget. This meant the providers usually had to borrow to pay and leaving little for maintenance of the infrastructure as well. It was basically a tax. Now I think they are trying to sell the not only because they are busted/a broke but they have an idea how much electricity will increase and their usual pointing at the power companies saying they are independent when they are state owned doesn't really fly anymore.

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culldav

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Re: Electricity Privatisation successful!
Reply #20 - Dec 16^th, 2010 at 9:02am

Now NSW electricity is owned by a foreign owned Asian company.

NO industry or company owned by the Australian people should be sold without a referendum, but the majority of Aussies are simply too dumb & lazy to do anything about it.

I would recommend that people start investing in solar panel energy and becoming as self-sufficient as possible, as things in Australia are going to get worse not better.

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