- Target:
- government of new south wales
- Region:
- Australia
NSW Premier Barry O'Farrell says his government has no intention of slashing hundreds of millions of dollars in dividend payments from state-owned power companies.
The opposition blames the dividend payments for spiralling power prices.
In his audit of the government-owned electricity sector, released on Wednesday, Peter Achterstraat said dividends paid from the seven government-owned electricity corporations had risen to $866 million in 2011/12 - up $230 million on the year before.
Once taxes were included, the power companies' contribution to the government was $1.4 billion last financial year, while their after-tax profits rose $100 million to $1.2 billion, the state auditor said.
We support that the NSW government hand back of all profits or taxes it has received from the seven energy supply companies and the state-owned power companies.
Give the money back in vouchers to all NSW people and implement cheaper electricity prices immediately.
Make it law that all energy companies increase their prices only in line with the CPI.
You can further help this campaign by sponsoring it
The Lower energy price in New South Wales petition to government of new south wales was written by Shane bell and is in the category Consumer Affairs at GoPetition.