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Old 09-12-2017, 01:16 AM
Sparty Sparty is offline
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Join Date: Mar 2009
Posts: 1,765
Default Australia is using less electricity but prices soar

How network companies lined their pockets and drove electricity prices through the roof

Since 2009, the electricity networks that own and manage our “poles and wires” have quietly spent $45 billion on the most expensive project this country has ever seen. Allowed to run virtually unchecked, they’ve spent vast sums on infrastructure we don’t need, and have charged it all to us, with an additional fee attached. The spending was approved by a federal regulator, and yet the federal government didn’t even note it until it was well underway.

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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