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The electricity infrastructure where I was live was owned by the government. It's only in the last 15 years it was sold off to private interests [1]. I suspect you will find that the electricity systems in many regions are still government owned.

[1] https://en.wikipedia.org/wiki/Electricity_Commission_of_New_...

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Should be noted that Australia, and even NSW, had quite a few different systems. Country NSW was largely done by the (local) county councils and they didn’t seek to profit by once the debt was cleared and instead wanted to give out cheap power until they had to take on more debt.

This was deeply offensive to the economists of the 80s and 90s and so they were taken over by the state government and turned into a for profit company.

It was corporatised before it was sold off. Privatisation of the NSW energy market began about 30 years ago at this point.

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