Power
stations, the land they sit on, electricity cable network, equipment
and infrastructures were paid by people from their own tax monies.
When government privatised electricity supply, it pocketed the
proceeds (people's monies) from such privatization sale to Power Supply
etc and the monies went to the surplus which GIC and Temasek now used
to buy Shin Corp or UBS.
If the people's power stations and all the electricity supply
infrastructures were not sold away to the privatised GLC called Power
Supply and monies belonging to people not hoarded by the government in
this blatant manner will people today need to pay for amortization of
as much as S$0.12 per kilowatt-hour as double charge on power stations
and infrastructure.
This kind of charging like S$0.22 per KW-hr on electricity supply contains a double-charge on fixed assets which should stop.
In other words if government continues to operate power stations,
using people lands and other infrastructures as in the old days without
all the profiteering schemes like turning these basic services to
GLC-like Power Supply Ltd, people do not have to pay higher and higher
cost because there would be no such double-charge.
Alternatively, GIC or government should refund the sale proceeds
from such asset sales back to the taxpayers through a fund (asset
liquidation on privatisation fund) to lower our costs of living and
doing business.
Oppositions Parties Mr. Low Thia Khiang, Ms. Sylvia Lim please take this matter to parliament. |
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