Article
Hydro hard times
The Hag
THE Hydro’s losing a heap of money because of Basslink, the power interconnector with an annual rent of $90 million. Remember – this was sold to the government as a way to plug Tassie into the country’s high-priced spot electricity market. Yeah, right. The drought means the dams are out of water – 17% capacity – so now we’re buying ten times more power than we export. Bad business model, I’d say.
Now, to my photo. The Hydro’s got a corporate carpark on a sliver of land over the road, where I spotted an executive spot for their spot trader. Guess what was parked in their Spot Trader’s space Friday? (Aren’t spot traders those screen jockeys who work hard, play hard, and burn out at 25?)
Yep, a scooter … These are straitened times, my little darling readers …
PS: And what’ll they call the Hydro when all the water’s gone?