Goldplating eh? Whod have thunk it. ‘The main reason that electricity has been getting dearer is the overinvestment in poles and wires, and the fundamental inefficiency in the way that the national electricity market’s working,’ says Richard Denniss, executive director of the Australia Institute. Federal Treasury estimates that 51 per cent of an average household bill is spent on network charges (compared to nine per cent on the carbon tax). Most of that is going towards paying off the $45 billion network companies have spent on updating and building new poles and wires over the last five years
Posted on: Sat, 28 Jun 2014 09:33:13 +0000
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