Power to the Peoples Republic of China? – ConspiracyOz

Chinese investment in Australia’s power grid explained

RedPower

Photo: Australia’s electricity industry consists of four types of enterprises. (Gary Rivett: ABC News)

There are four parts to the electricity market: generation, distribution, transmission and retail.

Of Australia’s eight states and territories, three governments retain full ownership of all elements of their electricity networks: Western Australia; Tasmania; and the Northern Territory.

Queensland also owns the generation, distribution and transmission of electricity, but the retail market has been privatised.

Chinese Government-owned State Grid Corporate and Hong Kong-listed Cheung Kong Infrastructure — the two companies whose bid for NSW electricity distributor Ausgrid were blocked by Treasurer Scott Morrison — already own significant shares in the privatised state power distributors.

Breakdown of Australia’s electricity industry

  • Power generators, which produce energy to sell to the wholesale electricity market.
  • Distributors, who design, construct and maintain the network of “poles and wires”
  • Transmitters, which transport power from generators to the distribution system via the high-voltage transmission network
  • Retailers, who purchase power from the wholesale electricity market to sell to retail customers

Australia’s retail energy markets have a multitude of private players but the big three are AGL Energy, Origin Energy and EnergyAustralia, which dominate southern and eastern Australia.

The trio jointly supply more than 70 per cent of small electricity customers and more than 80 per cent of small gas customers, as of June 30, 2015.

EnergyAustralia is owned by Hong Kong-based China Light and Power.

ACT

In the ACT, the Government owns 50 per cent of ActewAGL Distribution Ltd.

The other half is owned by Jemena, in which State Grid Corporate hold a 60 per cent share.

The remaining 40-per-cent share in Jemena is owned by Singapore Power International.

Victoria

There are five electricity distributors in Victoria, with three partly owned by State Grid.

State Grid owns a 20-per-cent share in AusNet Services Electricity Distribution.

It also owns 60 per cent of Jemena, the company which owns Jemena Electricity Distribution Victoria and 34 per cent of United Energy Electricity Distribution Victoria.

Cheung Kong Infrastructure/Power Assets owns a 51-per-cent share in both CitiPower Electricity Distribution Network Victoria and Powercor Electricity Distribution Network Victoria.

The transmission link which transports renewable energy from the Mt Mercer wind farm to the Victorian grid — Transmission Operations (Australia) Pty Ltd Victoria — is partly owned by Cheung Kong Infrastructure.

The Hong Kong-listed group owns a 50-per-cent share.

South Australia

In South Australia, Cheung Kong Infrastructure/Power Assets owns a 51-per-cent share, on a 200-year lease, in SA Power Networks Electricity Distribution network.

The transmitter in that state, ElectraNet, is partly owned by State Grid Corporation — at 46.5 per cent, it holds the largest share.

New South Wales

There are three main electricity distributors in NSW: Essential Energy, Endeavour Energy and Ausgrid. The NSW Government wants to sell half of Ausgrid to fund infrastructure projects.

Endeavour Energy is a NSW-owned distributor, covering Sydney’s Greater West, the Blue Mountains, Southern Highlands, the Illawarra and the South Coast.

Essential Energy is also Government-owned and delivers to 95 per cent of NSW and parts of southern Queensland.

Last year, the NSW Government awarded a 99-year lease of electricity transmitter TransGrid to a consortium comprising Canadian, Middle Eastern and local investors. The deal was worth $10.258 billion.

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Posted on August 22, 2016, in ConspiracyOz Posts. Bookmark the permalink. 5 Comments.


  1. the commonwealth of australia inc

    Like

  2. Hi Mick, please can you give the good old ATO (Australian Tax Office) a mention on your pod cast, something is not right with this mob. after years of earning a negative income they made up this pretty dodgy invoice for failure to lodge that is back dated and expect me to pay tens of thousands when I’ve been on the poverty line and barely can make rent. isn’t it in violation of the crimes act to force someone to conduct work for free with no compensation? let along to do accountancy work for them that I am not trained or qualified and if I give information they do not like they punish me for not being able to afford to give them money that I do not have. It seems off they can just make up such sums going back up to 10 years, isn’t there some limitation on time to prosecute someone. it is also odd to send someone an invoice that is immediately overdue and backdated and consider it a final demand when there had been no prior demands made or justified. their whole organisation just stinks of fraud. I’d like to know your thoughts on this matter as this mob is terrorizing common Australian’s on a daily basis all while all our assets are in the process of being sold off.

    here are some links from just searching around:

    https://www.crikey.com.au/2014/02/06/how-to-beat-the-taxman-and-stay-out-of-jail/

    http://forums.whirlpool.net.au/archive/2533483

    http://www.findlaw.com.au/news/6107/tax-cheats-jailed-for-45-million-dollar-fraud.aspx

    http://pn.i-uv.com/australian-taxation-office-illegal/

    High court case determines ATO is an illegal entity and does not exist: moeliker v chapman
    http://corpau.blogspot.co.nz/2015/05/moeliker-v-chapman-2000-hca-242-17-may.html

    Like

  3. HCourt case: Moeliker v Chapman
    ATO (Australian Tax Office) is an illegal entity

    transcripts of case:
    https://drive.google.com/file/d/0B21_coIgIYu2dnZUeWI1UlZQMUU/view?pref=2&pli=1

    Like

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