Privatisation of Electricity in NSW Will Cost Each User $4572

Privatisation of electricity in NSW will cost each customer an average of $4572.

This is based on the 15 billion dollar price tag having to be recouped by the purchaser from NSW Electricity account holders.

These account holders number 3,280,623 being  made up of  Energy Australia 's  1,568,308,  Country Energy's  870,000  and  Integral Energy's  842,315, according to these  companies' annual reports.

Dividing 3,280,623 into 15 biillion gives  $4572 per  customer. The new owner will have to recoup this in charges over and above the operating costs and  any new investments for updating equipment. It does not include interest repayments on the loans they will raise  to get the money, and any exhorbitant executive salaries, monopolistic profiteering or mismanagement. Over what period  each customer will have to pay the $4572 will depend on how many years the purchaser  will allow to get its money back.

Unless each NSW Electricity account holder is going to get $4572 worth of extra services from the Iemma Government with the sale money,  One Nation says privatisation doesn't look like a very good deal.