Tuesday, January 4, 2011
Reverse the NSW power fire-sale, freeze electricity prices & hold a referendum on electricity privatisation
Media release January 4, 2010
The Socialist Alliance condemns NSW Premier Kristina Keneally and Treasurer Eric Roozendaal for their sell off of electricity trading rights for a mere $5.3 billion just before the Christmas shut-down, said Peter Boyle, national convener of the Alliance and its lead upper house candidate in the March NSW elections.
“The Socialist Alliance is campaigning in the NSW elections for the annulment and reversal of the electricity privatisation.
“We also call for a freeze on electricity prices pending a state-wide plebiscite on the privatisation of electricity. Which ever party wins the next elections should let the people of NSW decide on this critical issue.
“We condemn the Keneally government for closing down Parliament in order to try and block a parliamentary inquiry into this irresponsible fire-sale.”
Not only has this privatisation yielded just a fraction of the funds the Treasurer Roozendaal has been promising, warned Boyle, it begins the total privatisation of a critical public asset at the worst possible time for the environment. (See http://www.nsw.gov.au/sites/default/files/101214_nsw_energy_reform_update.pdf)
“About 70% of Australia's emissions of greenhouse gases come from electricity generation. This sell-off will make it harder to make the necessary moves to address the climate change emergency – a threat which will affect everyone, but which will hit the poorest the hardest.”
As Dr Sharon Beder revealed in 2009, privatisation encourages the maintenance of polluting coal-fired power plants that contribute smog, mercury and particulate matter to the atmosphere.
Dr Beder documented that deregulation and privatisation of the energy sector in Australia led to the greater use of brown coal, and by 2001 there had been a 31% increase in greenhouse gases as a result of energy deregulation.
“Privatising the electricity industry means that the community will have less influence over it,” Boyle said.
“Private companies are not likely to encourage energy efficiency and conservation when their profits depend on maximising electricity demand.
“It also means that the NSW government is forfeiting opportunities to shift to renewable energy sources.”
The current media focus on the legality, or not, of holding a parliamentary investigation into the electricity privatisation after Parliament has been prorogued, has also diverted attention from the ugly fact that both the NSW Labor government and the Liberal-National opposition have been pushing for the privatisation of the energy industry.
If there is an inquiry into the forced march and secretive sale, it should also investigate the sustainable energy alternatives that could be delivered if the electricity sector remained in public hands and the likely price hikes that will result from the energy being privatised.
The Socialist Alliance has been a part of the community-union Power to the People campaign against privatisation in NSW.
The Socialist Alliance pledges to do all it can to strengthen the union and community campaign to stop the sell-offs, and force accountability on whatever government is formed after the March election.
- No privatisation: keep public assets in public hands
- Massive public investment into renewable energy
- No new coal mines: phase out existing mines while guaranteeing alternative jobs for workers in the industry
References:
Sharon Beder: Electricity, generation, climate change and privatisation
Sharon Beder: Electricity change will shock the state
For interviews contact Peter Boyle 0401 760 577
Read on...


