Privatisation of Electricity

Privatisation of electricity refers to the process where government-owned electricity companies are sold to private investors. The goal is to improve efficiency, enhance service quality, and encourage competition in the energy market. In a privatised system, private companies generate, distribute, and sell electricity, often leading to lower prices and better customer service due to competition. However, critics argue that it can result in unequal access and profit-driven priorities over public welfare. Overall, privatisation aims to create a more responsive and efficient electricity sector.