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Electricity system delivers unsustainable returns, low investment in renewables: unions

Monday 14 Nov 22 10:30am

The current electricity system disincentivises investment in renewables while delivering unsustainable dividends to shareholders in the four big electricity companies, a new report claims.

Generating Scarcity: How the gentailers hike electricity prices and halt decarbonisation, by First Union, the CTU and 350.Org claims the four big generator-retailers delivered $3.7 billion in excess dividends to shareholders between 2014 and 2021.

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