this post was submitted on 07 Nov 2024
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Bloody Jeff.
Sold all our Publicly owned infrastructure to private companies.
Now we have to deal with electricity resellers screwing us over and the government needing to fork out Corporate Welfare in the form of “Energy Relief” to line their mates pockets.
WA still owns its power grid. My power bills in WA are far cheaper than they were in Victoria. These two facts are probably related.
Also, the WA government reserves a stash of gas for local reservation before companies are allowed to sell the rest "at market rate". That gas belongs to everyone, not just the company that extracts it. This policy also helps to keep energy prices in WA reasonable.
My theory is Uncle Sam's fingerprints are on high east coast gas prices. Giving it away for nothing has to put pressure on Russia's LNG export income. The donkeys that head Origin, etc. are on board because they can gouge the home market as compensation, knowing (as part of the deal) that Canberra won't contemplate a reservation policy.