Power Cuts or Power Bill Cuts – Does it really come down to a choice?

Suggest all bloggers ignore NSW 'A' comments in future. Apart from the extraordinary length of the voluminous/numerous inputs, they don't make any sense or am I missing something. Anyway, I note the energy legislation passed through the Upper House last evening. 

Fine by me, if you can afford to have the Libs at the helm of Australia, many cannot afford "them" too costly fr 'em, you must be loaded... 

JUST LOOK AT WHAT NSW VOTERS RUBBER STAMPED YESTERDAY (Data sources: Annual reports, IBISWorld): Executive pay: Networks NSW $4.4 m Vic Power Networks $8.0 m Employees NSW 12,745 Annual Revenue: Networks NSW $6.9 bn Vic Power Networks $1.43 bn Employees Vic 2,012 The senior management salary bill would be expected to grow from its current $4.4 million a year to something much greater than the Victorian company's $8 million, given the much larger revenues and employee numbers. If the salaries matched their Victorian counter-parts in proportion to the revenue of the companies, the remuneration of ten senior executives would grow to $39 million a year, a nine-fold growth. However, it is likely that salaries would only increase in the first instance a factor of two or three. 

(continued 2 of 2 ) Media comment: Greens NSW MP John Kaye said: "There will be big winners if the Baird government gets its way with electricity privatisation but they won't include households and small businesses. "The senior managers of the state's power networks can look forward to substantially larger pay packets which could cost households up to $10 million a year. "It's not hard to understand why the corporate elite like privatisation. It creates more high-end management jobs on salaries they understand, despite its impact on households and employees. "The senior management of AusGrid has been keen to take down the posters from groups that are critical of the Baird government's asset sales. "It's easy to see why managers looking at doubling their salaries without changing jobs might be keen to silence any criticism of the wires and poles sell-off," Dr Kaye said. 

If the NSW electricity distribution networks are privatised [THEY NOW ARE THANKS TO NSW VOTERS AND ONE REVEREND], households and small businesses can expect to be paying for senior management salaries that are more than twice what they are now, according to Greens NSW MP John Kaye. The Greens today released a comparison of the executive pay of the senior management of the publicly-owned NSW distribution networks and the privately-owned Victoria Power Networks Pty Limited. Both have 10 senior managers, but while the Victorian network company earns only one fifth of the revenue of the NSW combined wires and poles entity, the ten senior executives earn 82 percent more. Networks NSW is a substantially bigger network, covering all of the state. Vic Power Networks covers only part of that state and is substantially smaller. The senior management salary bill would be expected to grow from its current $4.4 million a year to something much greater than the Victorian company's $8 million, given the much larger revenues and employee numbers. If the salaries matched their Victorian counter-parts in proportion to the revenue of the companies, the remuneration of ten senior executives would grow to $39 million a year, a nine-fold growth. However, it is likely that salaries would only increase in the first instance a factor of two or three. This comparison is consistent with a number of international studies that have exposed dramatic increases in salaries for the senior managers of privatised public utilities The release of the data comes after reports that the Baird government had paid up to $20 million to UBS for advice on the lease process. (http:// j.mp/AFR150325) The previous Labor government spent about $200 million on advice from bankers, lawyers and stock brokers for negotiating its power sell-off. (1 of 2 .../...) 

Brisbane Times EXCLUSIVE (To give you an idea of whom you put in power downunder, you seem -with the sale of Poles and Wires- to have an enormous faith in the Libs...): Highly sensitive details of the negotiations over the little-known Trades in Services Agreement (TiSA) published by WikiLeaks reveals Australia is pushing for extensive international financial deregulation while other proposals could see Australians' personal and financial data freely transferred overseas. The secret trade documents also show Australia could allow an influx of foreign professional workers and see a sharp wind back in the ability of government to regulate qualifications, licensing and technical standards including in relation to health, environment and transport services. In its largest disclosure yet relating to the TiSA negotiations, WikiLeaks has published seventeen documents including draft treaty chapters, memoranda and other texts setting out the overall state of negotiations and individual country positions in a secret bargaining on banking and finance, telecommunications and e-commerce, health, as well as maritime and air transport. The leaked documents were to be kept secret until at least five years after the completion of the TiSA negotiations and entry into force of the trade agreement..../... Read the rest in the Brisbane Times (Philip Dorling 3rd of June) 

THE COALITION... What party does Barnaby belongs to, you...? 

That is what you do all the time, Warren! Speak for urself! 

FYI (This "says it all"...): http://nsw.greens.org.au/news/nsw/big-winners-power-sell-bankers-and-managemen 

It tied to prepare and reduce costs. Worked to buy efficient appliances. Bought solar panels. I'm still working. The bills didn't reduce significantly and I get next to nothing for the half of the energy i produce that I send back to the grid. I have to effectively buy back my own power at a high rate to run heating in the evenings. Should have had a holiday than try to plan to reduce costs for retirement.