Key facts
- Unions propose a government-owned power company.
- The proposed company would supply green electricity to heavy industry.
- The suggested electricity price is 44% lower than market rates.
- This proposal aims to address challenges faced by heavy industry.
Labor unions are proposing the establishment of a government-owned power company as a solution to the high cost of electricity for heavy industry. They argue that the private market is failing to deliver affordable green power. The proposed entity would aim to sell electricity at a price point 44% lower than current market rates, thereby supporting the energy needs of large industrial consumers.