“…The debate we must have is on the electricity market.
Why has it driven up prices at a steady rate that is well in excess of inflation?
Why are the hydropower generators making huge windfall profits?
Why is it uneconomic for generators to hold on to the reserve generation we need for a dry year?
Why is it that demand-side management – what we used to call peak load control – is virtually non-existent compared to the situation 20 and more years ago -
- when we had the best load management system in the world?
The problem is that we have an electricity market designed largely by economists -
- who did not understand the complexities of electricity generation…”
(cont..)
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