Privatisation of electricity in Vic.

GASWAGON · 04-03-2014, 07:13 PM

Just found this 20 minute clip of what really happened to Vic's power grid and why we are getting charged so much for power.......The Chinese own it all now and the profits are huge but the maintenance is pathetic!

http://www.youtube.com/watch?v=za03H7Ig7i8

mr smith · 04-03-2014, 07:18 PM

Yea, so much for completion and cheap rates. We were sold a dud so a few could get rich.
Every one should refuse to pay their bill for 3 months and see how they go..

turbodewd · 04-03-2014, 07:20 PM

I just thank Zeus I live in the ACT, our power is not privatised.

XplosiveR6 · 04-03-2014, 08:52 PM

Not sure how true that is, AGL own Vic's largest power plant, which is An Australian company.

Bossxr8 · 04-03-2014, 09:41 PM

Quote:

Originally Posted by mr smith

Yea, so much for completion and cheap rates. We were sold a dud so a few could get rich.
Every one should refuse to pay their bill for 3 months and see how they go..

At least candle sales will go through the roof when everyone is in darkness. That will show them.

tranquilized · 04-03-2014, 09:58 PM

Its all because of the carbon tax isn't it?

karj · 05-03-2014, 06:44 AM

Quote:

Originally Posted by tranquilized

Its all because of the carbon tax isn't it?

Quite possibly.

Hot tempered individuals reacted furiously to the carbon tax and many needed to turn their air-conditioners on to cool down. Those who were unable to cool down chose to vent on talkback radio and internet blogs. That release of hot air, combined with the frictional heat generated from frenzied typing has reportedly led to a rise in global temperatures of over 9000. However, skeptics remain steadfast in their belief that this is not evidence of man-made climate change because the carbon tax was in fact introduced by a woman. Nonetheless, the increase in temperature did not go unnoticed. Visiting US rapper Nelly had to postpone the Australian leg of his 2013 tour after observing that it was "getting hot in here" and 2GB's Alan Jones kindly offered our then Prime Minister the opportunity to cool off with a dip in the ocean. Meanwhile, most Australians sought to beat the heat by turning on their air-conditioners, leading to an increase in their electricity bills.

And it's all because of the bloody carbon tax...

Lotte · 05-03-2014, 03:30 PM

Karj just won today's internet.

**GasoLane** · 05-03-2014, 03:47 PM

Quote:

Originally Posted by EF_6

Just found this 20 minute clip of what really happened to Vic's power grid and why we are getting charged so much for power.......The Chinese own it all now and the profits are huge but the maintenance is pathetic!

http://www.youtube.com/watch?v=za03H7Ig7i8

Good to see the vid was put up by the Electrical trades Union and therefore totally unbiased

But which part do they (the Chinese) own ?

Is it the Generating, the Distribution the Retailing. Or all three?

cheap · 05-03-2014, 04:14 PM

RET has caused a significant price rise for the average Joe consumer.

zilo · 05-03-2014, 04:35 PM

Quote:

Originally Posted by cheap

RET has caused a significant price rise for the average Joe consumer.

Prove it?

burnz · 05-03-2014, 05:03 PM

Quote:

Originally Posted by zilo

Prove it?

yeh 50 cents a Kwh is a price rise...

http://www.originenergy.com.au/price...y-bill&at=resi

cheap · 05-03-2014, 05:33 PM

Quote:

Originally Posted by zilo

Prove it?

Plenty of information out there, you have a computer ... go for it

adz193 · 05-03-2014, 05:46 PM

Quote:

Originally Posted by GasOLane

Good to see the vid was put up by the Electrical trades Union and therefore totally unbiased

But which part do they (the Chinese) own ?

Is it the Generating, the Distribution the Retailing. Or all three?

The Chinese don't own the assets (poles, towers etc) they are simply buying the majority share in major distribution companies. In Victoria there are 5 major distribution companies who each have their own assets, and as far as I know at least 2 have been bought out by State Grid Corp China which is one of the largest power companies in the world.

cheap · 05-03-2014, 05:54 PM

Quote:

Originally Posted by adz193

The Chinese don't own the assets (poles, towers etc) they are simply buying the majority share in major distribution companies. In Victoria there are 5 major distribution companies who each have their own assets, and as far as I know at least 2 have been bought out by State Grid Corp China which is one of the largest power companies in the world.

Buying into the companies via shares and becoming stock holders in the company. And they also would be deriving dividends and taking money out of Australia.

Perfectly legal, except we can't reciprocate and do the same buying into Chinese companies (as most of these Chinese companies are de-facto state organizations). Unfortunately them is the lop-sided rules we play with ...

GASWAGON · 05-03-2014, 06:01 PM

If you actually watch the doc it shows the price chart differences from 10 years ago until 2013 and it is CRAAAZY how much we are paying now!

adz193 · 05-03-2014, 06:28 PM

Quote:

Originally Posted by EF_6

If you actually watch the doc it shows the price chart differences from 10 years ago until 2013 and it is CRAAAZY how much we are paying now!

Yes I did see that, but already know all about it not only as a rate payer but also as a worker of one of the companies that have been bought out by China! We did received a months pay in advance as a bonus, reason being supposedly it is a Chinese tradition, but i'm not buying that crap!

All of Victoria's transmission network is owned by SP Ausnet (Singapore Power) and the companies that own the distribution assets are owned by overseas entities and have been for quite a while now. The only company that is wholly australian owned in the energy industry is AGL. Even our main power station down at Loy Yang was privatised and is owned by 2 seperate companies...

**ebxr8240** · 05-03-2014, 06:46 PM

And we pay these people to run the country !!
Why can't we privatise Gov ??
The saving would be enormous and we KNOW they DON'T
come good with their promises !!!

Franco Cozzo · 05-03-2014, 06:51 PM

Import them all on 457 Visas lol

robbyj · 05-03-2014, 06:54 PM

Wow -.-

My father works for SP Ausnet, well that is what it's called today. Actually Singapore have invested a bit of money into the company, to allow for upgrades and maintenance. More then the American company who owned it did. They milked it for all it was worth before selling.

Are people only just realizing now everything has been sold off? How did the Howard government keep Australia in surplus? Sold everything. I can list a few company names SP Ausnet has been called in the past, in no particular order.. SEC, TXU, Eastern Energy, T sqaured, Tenix etc

Do people realise what inflation is? Yeah look at prices over the last 10 years omg they have raised so much! What an outrage! Look at wages increase over the last 10 years. Australians are actually one of the highest paid workforce out there!

Saw on the news tonight the Vic government wants to sell port melbourne, one of the last government owned commodities left. Organisations purchase these in order to make a profit. That is how capitalism works. Deal with it.

Edit: Bonus points. Find a government that is not in debt.
Regardless if they privatize all their assets or not, you'll still be paying inflated prices for services. Do yourself a favor and research how fractional reserve banking, the current monetary system works.

**GasoLane** · 05-03-2014, 07:01 PM

Quote:

Originally Posted by adz193

All of Victoria's transmission network is owned by SP Ausnet (Singapore Power) and the companies that own the distribution assets are owned by overseas entities and have been for quite a while now. The only company that is wholly australian owned in the energy industry is AGL. Even our main power station down at Loy Yang was privatised and is owned by 2 seperate companies...

Don't forget to thank Jeff Kennett

cheap · 05-03-2014, 07:25 PM

Quote:

Originally Posted by GasOLane

Don't forget to thank Jeff Kennett

Or the mob of genius's before and after him.

Every politician is faced inheriting legacies from from the previous regime. Jeff was Premier of Victoria between 1992 and 1999, some 15 years ago. A lot of water would have flowed under the bridge you'd think.

GASWAGON · 05-03-2014, 08:03 PM

Quote:

Originally Posted by robbyj

Wow -.-

My father works for SP Ausnet, well that is what it's called today. Actually Singapore have invested a bit of money into the company, to allow for upgrades and maintenance. More then the American company who owned it did. They milked it for all it was worth before selling.

Are people only just realizing now everything has been sold off? How did the Howard government keep Australia in surplus? Sold everything. I can list a few company names SP Ausnet has been called in the past, in no particular order.. SEC, TXU, Eastern Energy, T sqaured, Tenix etc

Do people realise what inflation is? Yeah look at prices over the last 10 years omg they have raised so much! What an outrage! Look at wages increase over the last 10 years. Australians are actually one of the highest paid workforce out there!

Saw on the news tonight the Vic government wants to sell port melbourne, one of the last government owned commodities left. Organisations purchase these in order to make a profit. That is how capitalism works. Deal with it.

Edit: Bonus points. Find a government that is not in debt.
Regardless if they privatize all their assets or not, you'll still be paying inflated prices for services. Do yourself a favor and research how fractional reserve banking, the current monetary system works.

Mate I know what you are saying but the numbers since 2003 are astronomical....The state cannot handle these running costs ie Ford/Toyota closures.....They have really screwed it up this time forever and for real....

ITS ALL OVER FOR Oz SOUTHERN STATES!

Itsme · 05-03-2014, 08:32 PM

Quote:

Originally Posted by cheap

Or the mob of genius's before and after him.

Every politician is faced inheriting legacies from from the previous regime. Jeff was Premier of Victoria between 1992 and 1999, some 15 years ago. A lot of water would have flowed under the bridge you'd think.

Jeff Kennett & the Libs is responsible for the price hikes we are seeing now, he legislated to stop high price rises for 10 years when he privatised Victoria's utilities, that is why we are being slugged heavily now..... Catch up by the utilities.

ivorya · 05-03-2014, 08:33 PM

They sell these public assets for the quick term gain of money but in the end it's going to cost the public more money in the future.
Lets face it though, the pollies are happy to sell everything off to private companies as these companies are 'Probably' in most super portfolio's, thus increasing everyone's wealth.
It's just a shame that, in the end, your basically paying yourself.... in a round about way.

Another interesting piece of info.
We as aussies seem to be following the US in everything without actually looking at what problems this has caused. They, Local councils, govenments, sold off all their public assets years ago as they believe that they are in power to goven, that's it.( sounds like big Tone and Hockey)
Anyway, now during a trip to Hawaii last year, talking to a couple of US citzens, they inform me that a large % of these Cities/towns/govenments are now broke and are trying to access money to buy these utilities back.
Short Term Gain for Long Term Pain.....hmm

sharky1 · 05-03-2014, 08:36 PM

Yes I have looked into the fractional banking system before , it is truly amazing how poepltvarecso busy fruit to earn the next dollar, to try and keep up , rather than worjir out where and how the system works against them/ us .

ILLaViTaR · 06-03-2014, 02:32 AM

lol you guys do understand this is how John Howard made this country "rich".

Funny though how cashing in those national assets for the plastic actually means no more local profit/employment is being generated anymore meaning logically the country is actually poorer/unhappy as a result. But the surplus/bankroll keeps the country rich for the short term and makes the current office look good. They're smart, they know that by the time it inevitably catches up to them enough time will have passed they will be out of office using the negativity to their advantage against the then current office to win then election.

ILLaViTaR · 06-03-2014, 02:38 AM

Quote:

Originally Posted by cheap

Plenty of information out there, you have a computer ... go for it

I also have a computer but I've searched over the entire internet and can't find any proof of what you claim to be true whatsoever. Obviously this means you must be wrong?

You did say there's plenty info on the internet backing up your claim but I can't even find one and I've searched absolutely everywhere.

Can you show me said plenty info that can be referenced to a credible source?

cheap · 06-03-2014, 09:22 AM

Quote:

Originally Posted by ILLaViTaR

I also have a computer but I've searched over the entire internet and can't find any proof of what you claim to be true whatsoever. Obviously this means you must be wrong?

You did say there's plenty info on the internet backing up your claim but I can't even find one and I've searched absolutely everywhere.

Can you show me said plenty info that can be referenced to a credible source?

Would that mean you've got a Type II problem?

**FoxtrotGolfXray 5.0** · 08-03-2014, 01:53 PM

Quote:

Originally Posted by adz193

....snip...The only company that is wholly australian owned in the energy industry is AGL. Even our main power station down at Loy Yang was privatised and is owned by 2 seperate companies...snip...

Just to clarify, for those who may not be aware, Loy Yang consists of two separate generating entities, Loy Yang A and Loy Yang B. Since privatisation, these have remained separate business entities. Loy Yang A is currently wholly owned and operated by AGL Ltd, whilst B station is a joint venture between GDF SUEZ Australian Energy and Mitsui and Co Ltd. All info available here http://en.wikipedia.org/wiki/Loy_Yang_Power_Station.

The prime link between the two stations is that AGL supplies B station with their coal as well as handling some of the waste water.

For the record, I work at AGL Loy Yang (ie A station)

Craig H