So, how did that turn out?
The cost of electricity had been falling (in real terms) for atleast 40 years as the following graph shows.
Our energy costs were amongst the cheapest in the world which helped keep Australia competitive in the world market. How much manufacturing do we have left huh?
Note the entry at the bottom of the graph. “Despite the favourable comparative position disclosed by these statistics, there emerged in the early nineties a political consensus on the need for “reform” of the industry.”
Here is the excerpt from an the same CIGRE report at the time.
Have a look at what we have had to contend with since 2005. Though I am sure most living in Oz would know already how their electricity bills have increased. My personal electricity rate has almost doubled since 2005.
So, are the federal and state governments in Australia completely incompetent, or was this simply a money grab for all those involved? Either way, it appears we have been sold into servitude working only to enrich our new faceless masters (all major energy companies in Australia are owned primarily by overseas interests).
Should make it an election issue I reckon.