There's talk of nationalising power generation to cope with the cost of electricity.
I agree power generation should be nationalised, but not because it will help with the current cost of electricity.
- Given we are beholden to international gas prices, nationalising the generation industry will not result in the wholesale price of imported gas coming down. We are hostage to the world market. Yes, there will be savings by the elimination of profit, but these will be relatively small.
- Nevertheless, nationalisation of power generation would allow a national strategy to move away from fossil fuels and implement renewables at an accelerated rate.
- Also, national infrastructure should be in the hands of the people, not overseas companies.
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