Private generators regularly game the national electricity market to drive up wholesale prices, writes Max Chandler-Mather, and it’s time for a rethink on essential services like energy and childcare.
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Back in the 1990s, we were told the privatisation of electricity and other basic services would mean consumers get a better deal. Today, we know that was a lie.
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Power and gas prices are set to rise by a huge 16–19% on July 1, bringing a profit bonanza to the big three electricity companies — AGL, Origin and Energy Australia.