ABC Online
The owners of the Basslink electricity cable say its sale should have no bearing on power prices and there will not be any interruption to electricity supplies. National Grid UK announced last night it will sell the $780 million interconnector to focus more on electricity and gas businesses in the United States and the United Kingdom.
Tasmanian Times: Basslink and bungled power policy
The answer to this has little to do with the CPI and more to do with the growing costs of a bungled state energy policy. As it becomes obvious that Tasmania is unable to compete on the National Electricity Market and the costs of Basslink begin to bite, the State Government’s desire to pass these costs onto household consumers is growing. The government’s desire to transfer part of Hydro Tasmania’s 1 billion debt to Aurora can only be reflected in higher household costs. Once again citizen cash-cow is being made to pay for the incompetence of our political leaders and bureaucracy.
