How’s this for a rort!
Transmission line stakeholders can charge a regulated rate of return of around 6-7% while only having to pay a concessional rate on a loan from the, wait for it “The Clean Energy Finance Corporation.”
Despite the bureaucrats saying they intend to fix this rort it still hasn’t happened.
A risk free margin of say 3% on $25 billion dollars would be worth $750 million that taxpayers have to stump up every year.
It’s amazing how the government is happy to lend to the big end of town at concessional rates, while allowing the RBA to shaft the little guy with rapid interest rate rises.
