The Importance of Competition in the Awarding of Franchises

I think even when they're doing the transmission cost forecast for the ISP, I might find very difficult to get the accurate costs and predictions from the existing PTNSPs. All large projects have just asked, no, you have unexpected cost blowouts. It's a version of investor bingo as to how much costs will go up. And it's really about who's going to wear the risk right when these costs blowouts happen. Currently under the regulated framework, consumers basically bear all the risk and all the cost. When you open it up to these private companies, they bring in innovation which then brings efficiencies. Also attracts international private finance and capital more quickly and efficiently.