electricity nationalisation

After 25 years, it is clearer than ever that privatisation of electricity in Australia has been a disaster for people and the planet.

In the early 1990s, prior to privatisation, energy prices in Australia were some of the lowest in the world and had been dropping for decades. That trend was sharply reversed following privatisation. Today, households are paying skyrocketing prices and growing numbers of Australians are now living in “energy poverty”.

Australia’s Chief Scientist Alan Finkel presented the Blueprint for the future: Independent review into the future security of the national electricity market, known as the Finkel Review, to the Council of Australian Governments (COAG) Leaders’ meeting on June 9.

The mainstream media has focused on one recommendation — a Clean Energy Target — and the Coalition’s reaction.