Selling off state-owned energy companies has been a disaster in Britain

Here in Glasgow, the only mighty river power is the nuclear submarine fleet docked in the Clyde. But John Key’s breezy assurances about carving up New Zealand’s state-owned power companies seem ever more absurd, viewed from half a world away.

Admittedly they must look even more absurd up close back home too. The plan is going ahead, despite there being a consistent majority of the public against the sell-off, in polling conducted years apart: and as indicated previously on Werewolf the whole idea makes no fiscal sense either. And here in Britain, two decades after the Thatcher government smashed the electricity boards and privatised the shrapnel, electricity prices have become, for many, something that is literally a life-and-death issue.
READ MORE: http://werewolf.co.nz/2013/03/london-calling-sold-and-cold/