[Affric]

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.