I wouldn't call electricity (and energy in general) a business. The goal is not to make money but to provide a service. But yes, electricity in France before it

I wouldn't call electricity (and energy in general) a business. The goal is not to make money but to provide a service. But yes, electricity in France before it was privatized was largely successful. The same could be said for the trains and railways for example. In both cases privatization made the service largely worse than before while prices have been going up and up.