Rule out NSW power sell-off: opposition

PEOPLE in NSW will suffer the same fate as their Victorian neighbours and pay more for less if the government sells off the state's electricity assets, the opposition says.

Opposition Leader John Robertson has seized upon the findings of a report by The Australia Institute which found electricity privatisation has dramatically increased energy prices in Victoria while failing to improve efficiency.

Since Victoria privatised power in the 1990s, electricity prices have increased by 170 per cent compared to a 60 per cent increase in the consumer price index, the report found.

"NSW families simply can't afford to have the same huge price hikes here," Mr Robertson warned reporters on Monday.

Electricity unions launched a campaign earlier this month against what they claim is a move by the O'Farrell government to sell off the assets after the next state election in 2015.

NSW Premier Barry O'Farrell has denied this and said his government remains committed to its election promise not to sell off the poles and wires.

Mr Robertson says electricity prices have increased by as much as $750 for the average NSW household since Mr O'Farrell came to office.

"If the premier and treasurer have any understanding of the pressure rising electricity bills are having on NSW families, they will categorically rule out selling the poles and wires today," he said.

"Make no mistake - privatising the state's poles and wires will fix nothing and make things worse.

"It will create a private monopoly, leading to higher energy prices and reduced reliability."

Electricity prices have more than doubled over the past five years, according to the Independent Pricing and Regulatory Tribunal.

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