• Hello,
  • MyCommNews
  • Logout
  • connect
Community Funded Reporting

Vic Electricity not Privatized - Colonialised How the Singapore Government is profiting from its majority ownership of the Victorian Electricity Distribution

Action Items

Widget Pitch Widget

Want the embed code to add to your blog or site!? Grab the different widgets below.
Simple Widget | YouCommNews Lite
To get this widget, just grab this html code and paste into your template. You can of course change the width of the iframe to fit your template.

YouCommNews Lite

YouCommNews Lite is widget which allows anyone to register at YouCommNews, login at YouCommNews and even donate to a pitch without having to leave the site hosting the widget. Isn't that cool?'

You need to follow a few steps to get YouCommNews Lite working on your site. Just follow these simple steps below to get it up and running in no time.

  1. Download the file https://youcommnews.com/helper.html, and upload it to your root folder on your server.
  2. Grab this html code and paste into your template:
  3. You now need to modify the pasted code. You need to change 'http://www.domain.com/path' to the root path of your server. Example: If you can access the helper.html file at http://www.domain.com/path/helper.html, then you add http://www.domain.com/path there.

You can of course change the width of the iframe to fit your template. Note: As YouCommNews Lite is an interactive widget, we recommend that you do not use widths below 300px.

If you have any issues with the widget, please contact


Ruth Kershaw
  • Description
  • Story updates (0)
  • Comments (0)
  • Assignments (1)

.The Victorian electricity market is a money making machine for the Singaporean Government.

They own the majority of Distributors across the state. Some of which they share ownership with others. They are majority owners of the 'fee for service' providers to the Distributors: Which they pay handsomely with more profitable premiums.

They even own the financiers, which charge the Distributors 9-10% interest per annum: on enormous debt/borrowing against the assets. Why wouldn't they? The regulator permits them to pass on the interest cost directly to consumers.

Its a win win win for all their subsidiaries, which cascade directly back to the Singaporean Sovereign Wealth Fund (their version of our Future Fund). 

Meanwhile Victorians endure the rising costs in electricity prices which parallel the profits of the subsidiaries of the Singaporean Government. The recent 20% profit rise by SNP since the roll out of the meters is one example.

I think it is worth reading how easy it is for the Singapore Government to do this, and how they pick and choose industries to dominate in Australia which have similar features - unfettered ability to make exorbitant profits.

I am a mirco economist who had a past life in Electricity Regulation. I have maintained a passing interest in the industry, but more recently did some more indepth research on company structures.

I believe the information is in the public interest. Not least of all because we are not going to get better regulation, fairer or more efficient pricing of electricity, unless some of the root causes of the price rises are addressed.

It is surprising that this dynamic with the Singaporean Government's investment arm is very controversial with some of our close neighbours, and national regulators have been much more vigilant in providing oversight, as well as blocking investments. These actions have occured largely as a result of community concern.

I will have to put in several more research hours and dot every i and t, so I can publish the verifyable facts.