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Return to public ownership of national electricity grid would reduce costs, says economist

A publicly owned electricity grid is the only way to put a cap on costs, keep energy competitive and solve the country's energy crisis, according to an economics expert.

Professor John Quiggin says the creation of the National Electricity Market has been a failure, and governments should start buying back electricity transmission networks.

He argues without the need to generate private rates of return, public ownership of the electricity grid would push costs down, leading to lower prices for consumers.

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