Commentary
After a year of ongoing energy crises—both global and local—nothing should surprise the industry anymore.
Nevertheless, when Premier Daniel Andrews announced a re-nationalisation policy for Victoria on Oct. 20 it caught many people off-guard.
If they win the next election, the Victorian Labor party—currently governing Australia’s second most-populous state—will be reviving the State Electricity Commission; a reversal of three decades of energy privatisation.
The company will be 51 percent owned by the state government with the best candidates to own the other 49 percent supposed to be superannuation (pension fund) companies.
The argument between nationalisation against privitisation is a very traditional left-wing/right-wing argument. There’s no leader in Australia more left-wing than Premier Dan, so in one sense, the announcement is not surprising….