With rising electricity prices in the UK and elsewhere, it is interesting to see what other countries are doing. In South America, Bolivia has bought over two Spanish-owned electricity supply firms.
President Evo Morales accused the subsidiaries of the Spanish company, Iberdrola, of overcharging consumers in rural areas. Mr Morales said rural households had been paying three times more for their electricity than people in urban areas. The left-wing president has previously nationalised oil, telecommunications and energy-generating companies.
It is the age old debate: privatisation versus nationalisation.
Source: BBC Business News
