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..

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.

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.

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

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?

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...

**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.

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.

**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

**GasoLane** · 08-03-2014, 02:27 PM

Quote:

Originally Posted by psychobimbo

Just to clarify, for those who may not be aware, Loy Yang consists of two separate generating entities,

In a previous life I lived in Sth Gippsland, but even back then I wondered how many Bogan types were thinking..........

"Hey, with a name like Loy Yang, of course its owned by the Chinese"

**FoxtrotGolfXray 5.0** · 08-03-2014, 09:49 PM

Quote:

Originally Posted by GasOLane

In a previous life I lived in Sth Gippsland, but even back then I wondered how many Bogan types were thinking..........

"Hey, with a name like Loy Yang, of course its owned by the Chinese"

So you wouldn't be surprised to know that Loy Yang is actually a local aboriginal term for the area which roughly translates into "Big eel"? Apparently there used to be quite a number of large conga eels that frequented the Traralgon creek back in the day of early european settlement.

Craig H

bungarra · 08-03-2014, 03:36 PM

Quote:

Originally Posted by psychobimbo

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.
Craig H

The first problem I noticed there is the mention of GDF Suez (French Company also known as Degremont). Worldwide they have milked and stuffed up more alliances than any other company. Hungarian and Spanish governemnts in court with them plus numerous US towns. They ran down the maintenance and minimised staff levels to the point plants were falling over.

**FoxtrotGolfXray 5.0** · 08-03-2014, 09:54 PM

Quote:

Originally Posted by bungarra

The first problem I noticed there is the mention of GDF Suez (French Company also known as Degremont). Worldwide they have milked and stuffed up more alliances than any other company. Hungarian and Spanish governemnts in court with them plus numerous US towns. They ran down the maintenance and minimised staff levels to the point plants were falling over.

I'll take your word for it. All I know is that they also own and operate Hazelwood which is certainly run down these days, but that is to be expected given it's age.

However, LYB is definitely not run down, in fact it is probably quite the opposite. Given that it is our sister station, and they were built to similar standards (albeit that the government at the time did not have the same level of money to invest in the construction of LYB, and therefore a number of money saving design changes were incorporated that were not in LYA), we do share some information with them from time to time on work. I think you'll find that their plant has not been maintained to a higher standard than LYA has over the years.

Craig H

**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.

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!