Electricity Prices Fact Sheet, ret.gov.au/ "This is largely - TopicsExpress

Electricity Prices Fact Sheet, ret.gov.au/ "This is largely because Australia’s electricity networks - the power poles and wires that deliver electricity to homes and businesses - were built 40 to 50 years ago and need replacing. This is an expensive task. " So we are being told that electricity distributors never factored in the present pricing to replace and repair old assets. That suddenly now they need billions to do this, the reason of a 70% rise. So we must think that after this rebuilding phase prices will drop 70% again? We need to vote for our utilities to become state/ federally owned again and stop the profits being either sent overseas or paid to individuals as salary bonuses.

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