Competition would have driven down energy prices but when the governments set policy that says if you spent billions gold plating the network we will give you most of that money back to make lots of profit.
If I could negative gear a property and gold plate it and get more than 48 cents back in the dollar or whatever the top tax rate is, I would do it as well.
That’s why the power network is continually being gold plated because those few incumbent network providers get most of their spend back and that’s why power prices are continually going up.
Power prices go up simply because they can, just like petrol prices
CCE Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
