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Showing posts with label Monopolies. Show all posts
Showing posts with label Monopolies. Show all posts

Saturday, November 5, 2016

Gerry Eckhoff: Monopolies and Accountability

                                           
It is said that you reap what you sow. The developing saga of lines company Aurora /Delta which is in turn owned by the Dunedin City Council (DCC) raises several other issues beside delinquent maintenance of their power lines. Delta estimate around 3000 of their power poles are not fit for the purpose. There has already been one staff death due to a pole snapping during routine “maintenance”. 

There is a widespread belief that public ownership of utilities such as a lines company gives the public greater security of supply, control of service delivery at a fairer price, coupled with a healthy dividend back to the parent company. That simply isn’t true.