Comment by teruakohatu
1 year ago
> And why are publicly financed projects basically preallocated for private industry?
Where I live generation is owned by privately owned/listed companies or for-profit government owned entities (we call these entities a State Owned Enterprise or SOE). The grid is owned by an SOE and local distribution is owned by for-profit corporations owned by local governments (cities or regional councils).
So energy consumers pay for the generation, other than Rio Tinto which has gotten subsidies from successive governments (but this is the last time, we promise) and lower income consumers who get a winter angry payment, and maybe some smaller industry subsidies I am unaware of.
Sorry... FOR PROFIT government entities? Where do profits go?
To the owner, that is the state. No reason why dividends can not be returned to some government entity that then moves them to general budget. It is not actually horrible model if free market people are to be believed. Companies are more efficient than government. So separating companies from bureaucrats should be improvement.