News

Electricity sell-off a sell-out of the people

Coffs Harbour member Andrew Fraser is against the proposed sale of the state’s electricity grid.
Coffs Harbour member Andrew Fraser is against the proposed sale of the state’s electricity grid. Craig Warhurst

MEMBER for Coffs Harbour Andrew Fraser says he's prepared to cross the floor over the Coalition's plans to privatise the state's electricity grid because he can't see the economic sense in a sell-off.

Warning that the move could cost the State Government at the next election, Mr Fraser says privatisation would see country consumers worse off and bring job cuts to energy suppliers. 

"Politically speaking there's no sense in the economics," Mr Fraser said.

"The electricity grid is valued at $30 billion and it's estimated the sale price could be $26 billion but the grid carries with it $18.6 billion in debt.

"With any sale the government would lose $3 billion in revenue each year, $1 billion from direct dividends and $2 billion in Federal government tax offsets.

"It would be a sale for no windfall gain whatsoever.

Mr Fraser says in the Coffs Harbour electorate there's widespread opposition to the privatisation plans.

"I'm hearing from people in the street that they don't support a sell-off so as the local member I'm adopting that stance," he said.

"Politically why would we take this to the election, at the 1999 election everyone said Bob Carr would lead a one-term government and the Libs policy was to privatise electricity and give $1000 back to the consumer and we got flogged at the polls.

"The people don't want to pay more under privatisation for an essential service."

Lobby group Stop the Sell Off, which staged a protest outside Mr Fraser's office last Thursday, was happy to hear of the local member's opposition to the plan.

"Every state that has allowed its electricity poles and wires to be privatised has seen prices rise, service standard drop, complaints soar, and quality local jobs lost," Stop the Sell Off campaign director Adam Kerslake said.

"If National Party MPs support even a partial privatisation of the NSW electricity network, they will be condemning regional NSW communities to that same fate."

Premier Mike Baird and Deputy Premier Andrew Stoner will gauge support for the proposal at party room meetings tomorrow.

It is anticipated the 49% privatisation could exclude Essential Energy and Transgrid which have large regional footprints.

The Nationals have even floated the suggestion of a referendum on the issue.  

Topics:  andrew fraser mike baird nsw government privatisation



Coffs Coast goes under in latest sea level rise study

WORST CASE: The worst-case 2m sea level rise prediction for Coffs Harbour in 2100.

Parts of our beloved coast might be underwater by the next century

Mission not so impossible for Marlins

WAGING WAR: The SCU Marlins will field an undermanned pack in today's local derby but hopes are high it will get the job done.

Marlins and Snappers meet at University ground in local derby.

Traditional rivals face clash with high stakes

NEED A BIG SCALP: Sawtell is using tomorrow's game against Coffs Harbour to see it how it measures up against one of Group 2's form teams.

Third place up for grabs when Panthers host Comets.

Local Partners

National Sorry Day: Reflecting on testing times

CRANES acknowledged National Sorry Day at the Saraton Theatre on Friday with a film and talk by Paul Dutton, who was taken away from his family as a child


What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

Petula Clark delighted to sing live for Australian fans

STILL TOURING: English singer Petula Clark is coming to Queensland.

English star Petula Clark still puts on a great show, even at 84.

Do you really know your road rules?

Cars travel around the roundabout at Villiers and Fitzroy Street. Photo Adam Hourigan / The Daily Examiner

List of the top 10 most misunderstood road rules in NSW.

Book review: Mia Freedman's book meets her critics head on

IF AUSTRALIA does have a tall poppy syndrome, Mia Freedman has most certainly been a victim.

Bello Winter Music warms up

Husky.

Cracking line-up secured for Bello Winter Music Festival

Model Bella Hadid's see-through dress shocks in Cannes

US model Bella Hadid attends the Cinema Against AIDS amfAR gala 2017 held at the Hotel du Cap, Eden Roc in Cap d'Antibes, France, 25 May 2017.

It’s like she’s become addicted to shock value.

No room for morbid fans

Chris Cornell.

Fans want to stay in the hotel room where Chris Cornell died

What's happening on the Coffs Coast this weekend

Haven't made plans for the weekend yet?

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

Jetty views don't come any better than this

Property Camperdown St

The Real Estate Property Guide is online now

Kids will love living in this new Coffs Harbour estate

FAMILY FRIENDLY: This children's playground is the latest family-friendly feature of the Elements@Coffs estate.

Local land estate unveils newest family friendly feature

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

UPDATE: Details revealed on rural land rezoning

REZONING: Large areas of Bonville have been rezoned for residential

Land rezoning will turn farmland into residential living

Bonville to become new housing hub

REZONING: Large areas of Bonville have been rezoned for residential

Land rezoning will turn farmland into housing

Ready to SELL your property?

Post Your Ad Here!