8 March

Electricity is still very cheap in America. This is cost per kWh. In Australia most people pay at least twice these rates, sometimes triple. Why the difference? It’s mostly the last place people expect to look. Australia’s energy system was privatised, by idiot politicians who told us it would make it all more efficient and cheaper. They also banked the revenue from the sales to pay for election bribes, while their cronies in the power generation system made a fortune. The American system, home of the free market, is still mostly run as public utilities, that control the system, including prices.