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Jennifer has the answer. but she has also missed out on another big problem the ease of making on line purchases from overseas. You may think you are getting somthing cheap but while we have a deficit if you don't pay immediately the interest compounds and in a few years you still owe twice the original cost.
Oh well who cares it is the grand children that will end up with the debt!
Electricity prices are a good indication of poor management. We had a system that ran at a profit feeding our money back into the country. We sold them off to O/S companies who borrowed money to buy them. They immediately had to put the prices up to service the debt before they could make any money that will be sent O/S anyway.
Another stupid govt decission a few years ago was to pay out the loan for the harbour bridge to make them look good politically. The loan was at a very low interest and the govt borrowed at a much higher rate to pay it off.
First rule of eccconomics don't sell a business that costs you nothing and runs at a profit.
Barry
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