WELL, here we go again – another public asset sold off by the state government.
Does the public realise the impact?
Here are some facts to ponder:
n Higher electricity prices – selling public assets results in higher prices.
Big business is focused on only looking after their shareholders, not NSW families.
n A less-reliable network with more blackouts. Privatisation of the electricity network in Victoria saw a 32 per cent increase in the number of blackouts between 1995-99.
n Reduced public safety. The Victorian Bushfire Royal Commission found the privatised electricity network was one of the main causes of the 2009 bushfires, where many people lost their lives.
Do we want to let this happen in NSW?
n Less money for local community organisations. In 2009-10, the NSW state-owned power companies provided almost $10 million in sponsorship to local charities, festivals and community organistations, including vital services like the Westpac rescue helicopter. That funding will be put at risk.
n Massive job losses, especially in rural and regional areas. This will hurt the community and have a negative effect throughout the local economy, particularly youth unemployment.
Why do we keep letting our government do this? It has to stop.