The New South Wales (NSW) state election is heating up, with politicians from the incumbent government and the opposition party butting heads over the privatisation of state-owned assets.
On March 9, NSW Treasurer Matt Kean rebutted Labor’s allegations that the state’s residents had to bear higher energy costs due to the privatisation of electricity distribution company Ausgrid and Endeavour Energy, which is responsible for operating the NSW electricity network.
Citing data from the Australian Energy Regulator, the minister said residential network charges fell from $973 in 2014-2015 to $722 in 2022-2023.
“Network charges have fallen by 26 percent for the average household and 49 percent for the average small business since the long-term lease of Ausgrid and Endeavour,” he said….