Seymour is right, it’s time to unplug power companies

Responding to David Seymour’s comments on selling down the Government’s stake in major electricity companies, Taxpayers’ Union spokesperson Tory Relf said:

“Seymour is asking the right questions. Why should the Crown own billions in shares in major electricity companies? We accept the Government doesn’t need to own fuel or telco businesses, so why should it own electricity companies?”

“Government ownership of these companies is outdated, withholding funds that could be better used elsewhere. It's time to free up the sector and allow private investment to take charge.”

“Partial sales worked before, delivering efficiency and better returns. The coalition must listen to Seymour’s call and sell down these assets to prioritise taxpayer interests, rather than holding onto assets for the sake of ownership.”