Logique
Investor
- Joined
- 18 April 2007
- Posts
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- 768
Genuinly thoughtful as ever Smurf. I never said the state-owned suppliers weren't efficient. But NSW needs solutions now, in the economic climate applying now....It is something that many hate to admit, but the state-owned electricity suppliers were genuinely first class operations.
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We face a set of older power stations needing replacement, the current ones are expensive to maintain and less and less reliable. We desperately need new investment, and realistically that's only coming from public-private partnerships, and that means the operation of market forces in pricing.
And anyway, I'll never accept that free market competition necessarily leads to price rises - only in imperfect markets, eg when govts create uncertainty with carbon tax and ETS proposals (which is a whole other discussion), or ideologically oppose an array of options (such as coal-fired, dams etc). Or I might add, in the case of poorly regulated markets. As a positive example, the ACCC seems to be reasonably effective in it's role.