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Random thoughts on NZ Power

Written By: - Date published: 7:10 am, April 24th, 2013 - 37 comments
Categories: Economy - Tags:

I’m not surprised that the finance crew are so upset about the gently social democratic policy that is NZ Power (the latest stupid claim is that it’ll mean higher mortgages). But what is surprising is the way in which they’ve made it very clear that they believe the economy should be geared toward the wealthy elite – it’s as if they think Kiwis are so stupid they’re not even bothering to disguised their class bias.

From a political communications point of view all they are doing is underlining the difference between National and Labour/Green – and not in a way that is likely to help National with swing voters.

Young Simon Bridges appears not to be allowed to speak on NZ Power anymore. Not surprising given his poor performance at the start. What is surprising is that Joyce is continuing to front despite doing such a cracker job of discrediting National’s response from the get-go – I wonder if he thinks it’ll help him when it comes to the leadership contest?

On the other hand, John Key gave a calm, measured critique of the policy on Breakfast on Monday. He should be fronting National’s response but will be too concerned about getting his hands dirty. As an aside, it’s interesting to see Key’s chief press sec Kevin Taylor get moved out of his job – his hostility has been pissing off journos for a while now.

And on something other than NZ Power – I’m sure the Nats will be holding their breath all the way through Maurice Williams’ talkshow interview – he’s got a reputation for opening his mouth and putting both feet right in.

37 comments on “Random thoughts on NZ Power”

  1. ghostwhowalksnz 1

    Its great to see Nationals ‘partial privatisation’ derailed so effectively.

    Did they really think they could have the next 18 months of nice warm messages about share price sales, lots of ( free for national) advertising.

    The last thing they want to talk about is power prices and their agenda of total sell off.

    If Key has toned it back , its only because the the phones at Curia having been running hot to test their counter messages.

    • ghostwhowalksnz 1.1

      As an aside about Williamson going on Ellen. Could he be about to come out?

      After all, when he was described by some reports as ‘openly gay’ , his response was only that ‘it will be a surprise to his wife of 25 years’- well its the wives who are the last to know !

  2. AmaKiwi 2

    Good morning, TS junkies.

    I went from disgust to delight with Key’s comment yesterday:

    “Mighty River Power expects it would take at least four years for the Labour and Green party electricity policies to be enacted and Prime Minister John Key said this morning he didn’t think it would ever happen.”

    With only a three year term in office, any fool knows a Labour/Green government will put through the changes ASAP so consumers get immediate rewards and re-elect Labour/Greens. I estimate one year at most.

    When Key’s lies become transparently obvious to even the semi-literate, he is desperate.

    I see today the Herald is trumpeting a different tune, explaining in plain language how we are being ripped off by the power companies.

    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10879443

    In a related article they have a share salesman predicting: “We expect Mighty River to generate return on invested capital of 12.5 per cent on average over the next five years …” but the Herald fails to ask the critical question: “Why would anyone be stupid enough to sell a secure investment earning 12.5 per cent?”

    http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10879410

  3. Colonial Viper 3

    Some of the messaging out of the NATS which doesn’t quite make sense to us will be geared towards internal National power factions

    • King Kong 3.1

      It is good to see that you now realise just how badly you sodomised your own party with the indiscreet bile you spat over the leadership battle debacle, however, I don’t see much success in your attempts to foist the perception of “trouble at mill” onto the Nats.

      • Colonial Viper 3.1.1

        It is good to see that you now realise just how badly you sodomised your own party with the indiscreet bile you spat over the leadership battle debacle

        LOL mate I disagree, I realise no such thing 😀

      • Mary 3.1.2

        I can see Judith Collins, Steven Joyce and John Key in a three-way high-five over Key’s great work duping everyone with his story behind the Ian Fletcher appointment.

      • North 3.1.3

        Hey CV……..KK at 3.1 above.

        One can always depend on RWNJs to start spitting out allusions to impliedly indecent and brutal sexual behaviour when the going gets tough. Check out Slater Porn. The tendency is wickedly manifested there !

        Ha ! As says the old fulla on “Dad’s Army” – “Oooooh, they do not like it up ’em…..!

    • Jim Nald 3.2

      You are on the money there.

  4. vto 4

    National are all at sea because they are adrift in a pool of cess. This and other issues have highlighted how they are bereft of thinking. No new policy initiatives, no critique or debate about the effectiveness of their ‘neolib’ and other approaches to near anything. No discussion of privatisation and its value. No discussion of the place of the free market. No discussion. No discussion or debate about anything. No thinking. They make no sense because they have nothing to say. They are stagnant. They have become stagnant and this issue has shone a torch on the flies and scum that are drifting around on top of the long-still pool that is the National Party. Whatever you do, don’t sniff.

    This means that they are going backwards, soon to become apparent. They will then need to reinvigorate and adjust their place, start to think and articulate properly before they can even begin to move ahead again.

    I sense a listing to starboard.

  5. Paul 5

    First NZ Capital, a broking firm, who set to benefit from the sale of our assets are all over the media like a rash today.
    First they were on Morning Report, where the interviewer, to his shame, never mentioned this conflict of interest, as they explained the dire consequences of the the NZ Power proposal. I would have expected Morning Report to have questioned the broking analyst’s stance.
    Now, the next piece of spin, after the scaremongering of North Korea…higher interest rates…..Zimbabwe…..the crash of the stock market…etc etc, we have this news from them (to be found on that fair and balanced source of news, the NZ Herald.) that a “10 per cent reduction in power prices could be achieved through the current electricity market.” This begs the question….why hasn’t this happened already?
    They also claim that “Despite the alleged “excessive price increase in the 13 years since 2000 we are not convinced the system is broken. If it isn’t, then it doesn’t need fixing,.” Note the word alleged. They don’t believe price rises have been excessive.
    So the brokers don’t like the proposal.What a surprise.
    And what a surprise that the owned media fails in any way to challenge the viewpoint. Wonder how many shares the owners and managers of the Herald were planning to buy.

    • ghostrider888 5.1

      from the “box”,
      -3 are attempting to crucify Shearer and Labour also over NZPower
      -NZ Shareholderes Assoc. “our credit ratings will go down”; really? oooh, is that right said the Wide-Mouthed Frogs, what shall we spawn next then?
      -Martin Hawes on MRP float; “too great a risk for novice investors”.”repay debt before investment” .”people loading up credit cards to buy shares” (what drugs are these people on?)

  6. grumpy 6

    This whole thing shows how artificial the electricity market in NZ has become. If it was a normal, natural market, the current furore caused by Labour/Greens announcement of policy would have no effect.
    The panic when someone proposes bringing fairness into the market is odd. Normally us righties look to the market to bring fairness.
    Labour and Greens are not home free on this however. Their intention to crank up carbon taxes would wipe out any savings accruing to ordinary households.
    Just one shonky capitalist system being replaced by a leftist one.

    • Dv 6.1

      HEP , geothermal wont pay much in the way of carbon taxex.

    • Colonial Viper 6.2

      We don’t need a market for electricity. Didn’t need it for 100 years, don’t need it now.

      • grumpy 6.2.1

        For a country the size of a European city to have such a plethora of generators, networks and retailers is really stoopid…..

        • ghostrider888 6.2.1.1

          but wait, how can more tickets be clipped and profits made without all those options?

        • Colonial Viper 6.2.1.2

          Yep exactly.

        • ghostwhowalksnz 6.2.1.3

          Japan has only 10 generator companies , they operate in defined areas. 3 of those are for each of the main islands outside Honshu

          • grumpy 6.2.1.3.1

            Wow! ……..but how could we create an artificial market to rip off and pay ourselves HUGE salaries if that were the case – must change it.

            Remember the head lobbyist for powercos in the Bradford era, Roger Sutton dropped hundreds of thousands of bucks to go from his cushy job as CEO of Orion, a monopoly network operator to CERA.

            • One Anonymous Knucklehead 6.2.1.3.1.1

              Big savings in my back pocket plus reduced profits for scum leeches = well earned huge salary.

  7. ghostrider888 7

    “it’s only electricity that is being regulated”-Ganesh Nana. (not stoopid peoples brain-washing by the tele, sadly).

  8. The OIA reply from Tony Ryall – where he repeats “.. if the Government doesn’t get a good price – the Government isn’t going to sell”.

    https://www.dropbox.com/s/ung4048v4cgtul7/Slevel6.3-c13031716040.pdf

    How is the Government now going to get ‘a good price’ for Mighty River Power?

    http://www.stuff.co.nz/national/politics/8588407/Uncertainty-swirls-round-MRP-float-shares

    “The Government had previously said it expected to issue Mighty River shares to investors for $2.35 to $2.80 a share, but experts expect the shares may be sold for about $2.20 each. This would knock up to $400m from the proceeds of the sale.”

    In whose interests is this National/ACT Government working?

    Investors or taxpayers?

    (Remembering that arguably – the majority of taxpayers are not investors?

    And – arguably a number of investors are not taxpayers ? :)

    Surely, if this National/ACT Government was working in the interests of the majority of taxpayers (and citizens) – they would be CALLING OFF THE SALE OF MIGHTY RIVER POWER?

    So – why aren’t they?

    Penny Bright
    ‘Anti-corruption / anti-privatisation’ campaigner

    2013 Auckland Mayoral candidate

    http://www.dodgyjohnhasgone.com

  9. Gosh – anyone would think the old (nationalised) NZ Department of Electricity and local Power Boards were some sort of BIG scary monster?

    ………………….. yawn……………………

    Back in those ‘bad old ‘inefficient’ days – when you could afford to have a heater on in winter?

    Unlike now.

    (‘Inefficient’ is just ‘corporate-speak’ for ‘we haven’t yet got our filthy hands on it’ :)

    Shows what garbage the competitive ‘market’ model is for a natural monopoly, such as the supply of electricity?

    All the ‘competitive’ market model for electricity has done is duplicate resources and put up the price of power for residential customers.

    FACT.

    Penny Bright
    ‘Anti-corruption / anti-privatisation’ campaigner

    2013 Auckland Mayoral candidate

    http://www.dodgyjohnhasgone.com

  10. kiwicommie 10

    Well of course neo-liberal lynch mobs are going to be upset, lower prices are ‘criminal, what next higher standards of living, more jobs, economic growth, low unemployment? Terrifying isn’t it? /End sarcasm. 😉

  11. One Anonymous Knucklehead 11

    Less than 10% of potential MRP buyers believe Key and Joyce’s shonky bullshit.

    Perhaps they understand the necessity of saying one thing while doing another.

  12. McFlock 12

    Lol

    The ODT reports that the current market system can drop the real price of power by 10% over the next four years, so no change is needed.

    Of course, that means that the current model means they’re overcharging by 10% right now, but that is no reason to change anything…

    • Peter 12.1

      What the ODT should also report is the Nats spin machine going into fine pitch, and Labour’s spin machine sitting there, with someone desperately pulling the start cord and nothing happening?

  13. dave 13

    i think tide is coming in on key i still think the bugger is going to shoot through , we have the referendom as well whitch is effectively now a mini general election whitich key will take a bath and so will all those shareholders

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    The troubled Whangaruru charter school asked Hekia Parata for $25,000 to fence the school farm at the expense of spending on teaching, Labour’s Education spokesperson Chris Hipkins says. “This unbelievable revelation comes hard on the heels of Hekia Parata’s decision to… ...
    3 days ago
  • Troubled school wanted $25,000 dollars to fence farm
    The troubled Whangaruru charter school asked Hekia Parata for $25,000 to fence the school farm at the expense of spending on teaching, Labour’s Education spokesperson Chris Hipkins says. “This unbelievable revelation comes hard on the heels of Hekia Parata’s decision to… ...
    3 days ago
  • Government report on sexual & family violence a good first step
    Yesterday the Government released the cabinet paper on progress on the work programme of the Ministerial Group on Family Violence and Sexual Violence. Along with the Human Rights Commissioner and Women’s Refuge, I really welcome the report. I’m relieved that… ...
    GreensBy Jan Logie MP
    3 days ago
  • Government report on sexual & family violence a good first step
    Yesterday the Government released the cabinet paper on progress on the work programme of the Ministerial Group on Family Violence and Sexual Violence. Along with the Human Rights Commissioner and Women’s Refuge, I really welcome the report. I’m relieved that… ...
    GreensBy Jan Logie MP
    3 days ago
  • Prisoner voting disqualification and the Bill of Rights Act
    In 2010, National rammed the Electoral (Disqualification of Sentenced Prisoners) Amendment Bill through Parliament. Paul Quinn’s Member’s Bill existed because Paul Quinn thought anyone who’d been imprisoned was a serious offender, and serious offenders had ‘forfeited’ their right to vote.… ...
    GreensBy David Clendon MP
    3 days ago
  • Mainfreight ‘appalled’ by Government’s rail madness
    The Government has been given a serve by New Zealand-based international trucking and logistics firm Mainfreight which says it lacks a national transport strategy, and has treated rail badly, Labour's Transport spokesperson Phil Twyford says. The company has told shareholders it… ...
    3 days ago
  • National’s Health and Safety Reform Bill: less safety and fewer rights at...
    The New Zealand Council of Trade Unions is embarking on a campaign to fight the changes that weaken the Health and Safety Reform bill. As part of the campaign the CTU has organised vigils with the display of 291 crosses… ...
    GreensBy Denise Roche MP
    3 days ago
  • All options need to be put on meat sector table
    Farmers must be given every assurance that all potential risks have been considered before Silver Fern Farms opens its door to foreign equity, Labour’s Primary Industries spokesperson Damien O’Connor says. “The ongoing saga involving the meat sector and amalgamation has… ...
    4 days ago
  • Flag the referendum if 50% or more don’t vote
    Labour has moved to have the second flag referendum canned if the first attracts fewer than half the eligible number of voters, Opposition Leader Andrew Little says. “John Key has already wasted more than $8 million on his vanity project… ...
    4 days ago
  • 90,000 cars reclassified in botched ACC ratings
    New figures obtained by Labour show the ACC Minister’s botched motor vehicle levy system has resulted in 90,000 vehicles having to be reclassified so far – at a cost of $6 million, Labour’s ACC spokesperson Sue Moroney says. “Nikki Kaye’s… ...
    4 days ago
  • Brutal health cuts confirmed, crucial services suffer
    Chronic under-funding by National has seen the health budget slashed by $1.7 billion in just five years, Labour’s Health spokesperson Annette King says. A report by Infometrics, commissioned by Labour, shows health funding has been cut in four of the… ...
    4 days ago
  • Meth ring under Serco’s nose
    The news that two Serco inmates have been arrested for helping to run a methamphetamine ring from prison should be the final straw and see their contract cancelled, says Labour’s Corrections Spokesperson Kelvin Davis. “National has stood by Serco despite… ...
    5 days ago
  • Ministers failing women and their own targets
    New figures showing just five Ministers have met the Government’s own reduced targets for appointing women to state sector boards is evidence National is failing Kiwi women, Labour’s Women’s Affairs spokesperson Sue Moroney says. “The Ministry for Women’s 2015 Gender… ...
    5 days ago
  • Charges up for some as funding up for grabs
    A proposal being considered by the Government would see some people having to pay more for health care and district health boards forced to fight amongst themselves to fund regional health services, Labour’s Health spokesperson Annette King says “Information leaked… ...
    5 days ago
  • Stop experimenting on kids
    The trouble with the Charter school model is that it is a publicly funded experiment on children. The National Government has consistently put its desire to open charter schools ahead of the safety of the children in them, ignoring repeated… ...
    GreensBy Catherine Delahunty MP
    6 days ago
  • Bank puts the squeeze on mid Canterbury farmers
    News that an unnamed bank in Ashburton has put a receiver on notice over financially vulnerable farmers will send a chill through rural New Zealand, says Labour’s Finance Spokesperson Grant Robertson. “The Government needs to work with  New Zealand’s banks… ...
    6 days ago
  • Key is trading away New Zealand land and homes
    John Key yesterday admitted what National dishonestly refused to confirm in Parliament last week – he is trading away New Zealand’s right to control who buys our homes and land, says Opposition leader Andrew Little. “The Prime Minister must now… ...
    6 days ago
  • Razor gang takes scalpel to health
    Plans by the Government to take a scalpel to democratically elected health boards are deceitful and underhand, coming just months after an election during which they were never signalled, Labour’s Health spokesperson Annette King says “Leaked documents reveals a radical… ...
    6 days ago
  • Spin lines show a department in chaos
    Corrections Spin Doctors sending their place holder lines to journalists instead of responding to serious allegations shows the scale of chaos at the department over the Serco scandal, says Labour’s Corrections Spokesperson Kelvin Davis. “As more and more serious allegations… ...
    1 week ago
  • Court ruling shows law should never have been passed
    A High Court ruling that a law banning prisoners from voting is inconsistent with a properly functioning democracy should be a wake-up call for the Government, Labour’s Justice spokesperson Jacinda Ardern says. In an unprecedented ruling Justice Paul Heath has… ...
    1 week ago
  • Judicial Review Gamble Pays Off for Problem Gambling Foundation
    Congratulations are due to the Problem Gambling Foundation (PGFNZ) who have won their legal case around how the Ministry of Health decided to award their contracts for problem gambling services to another service provider. Congratulations are due not just for… ...
    GreensBy Denise Roche MP
    1 week ago
  • Environmental Protection Agency appoints GE advocate as new CEO
    This week, the Environmental Protection Authority Amendment Bill passed its first reading in Parliament. The Bill puts protection of the environment into the core purpose of the Environmental Protection Authority. This month, Dr Allan Freeth, the former Chief Executive of… ...
    GreensBy Steffan Browning MP
    1 week ago
  • Charanpreet Dhaliwal death demands genuine health and safety reform
    The killing of a security guard on his first night on the job is exactly the kind of incident that National’s watered-down health and safety bill won’t prevent, says Te Atatu MP Phil Twyford. The coronial inquest into 22-year-old Charanpreet… ...
    1 week ago
  • Arbitrary sanctions hit children hardest
    Increasing numbers of single parents are being penalised under a regime that is overly focussed on sanctions rather than getting more people into work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Figures, obtained through Parliamentary questions show 3000 more sanctions,… ...
    1 week ago
  • Hekia just won’t face the facts
    Hekia Parata’s decision to keep troubled Whangaruru Charter school open despite being presented with a catalogue of failure defies belief, goes against official advice and breaks a Government promise to close these schools if they were failing, says Labour’s Education… ...
    1 week ago
  • No more silent witnesses
    Yesterday I attended the launch of a new initiative developed by and for Asian, Middle eastern and African youth to support young people to name and get support if there is domestic violence at home. The impact on children of… ...
    GreensBy Jan Logie MP
    1 week ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    1 week ago
  • Single Use Plastic Bags campaign – Some wins and some green-washing
    As we near the end of Plastic Free July I’m nearing the conclusion of my Say No To Plastic Bag tour when I will have completed all 30 of my public meetings. The campaign was designed to work with community… ...
    GreensBy Denise Roche MP
    1 week ago
  • Minister must take responsibility for problem gambling debacle
    The Government’s handling of the Problem Gambling Foundation’s axing in a cost-cutting exercise has been ham-fisted and harmful to some of the most vulnerable people in society, Associate Health Labour spokesperson David Clark says.“Today’s court ruling overturning the axing of… ...
    1 week ago
  • Labour will not support TPP if it undermines NZ sovereignty
    The Labour Party will not support the Trans Pacific Partnership Agreement unless key protections for New Zealanders are met, Opposition leader Andrew Little says.“Labour supports free trade. However, we will not support a TPP agreement that undermines New Zealand’s sovereignty. ...
    1 week ago
  • Coleman can’t ignore latest warnings
    Resident doctors have advised that a severe staffing shortage at North Shore Hospital is putting patients’ lives at risk, Labour’s Health spokesperson Annette King says. “They say a mismatch between staffing levels and patient workloads at North Shore has… ...
    1 week ago
  • ACC must remove barriers to appeals
    The Government must prioritise removing barriers to justice for ACC claimants following a damning report by Acclaim Otago, Labour’s ACC spokesperson Sue Moroney says. “ACC Minister Nikki Kaye must urgently scrap her flawed plan to remove claimant’s right to redress… ...
    1 week ago
  • Six months’ paid parental leave back on the agenda
    Six months’ paid parental leave is back on the agenda and a step closer to reality for Kiwi parents after Labour’s new Member’s Bill was pulled from today’s ballot, the Bill’s sponsor and Labour MP Sue Moroney says. “My Bill… ...
    1 week ago
  • Sole parents at risk of having no income
    New requirements for sole parents to undertake a reapplication process after a year is likely to mean a large number will face benefit cancellations, but not because they have obtained work, Labour’s Social Development spokesperson Carmel Sepuloni says. “Increasing numbers… ...
    1 week ago
  • Juking the Welfare Stats Again
    Last week the government’s major initiative to combat child poverty (a paltry $25 increase) was exposed for what it is, a lie. The Government, through the Budget this year, claims to be engaging in the child poverty debate, but instead,… ...
    GreensBy Jan Logie MP
    1 week ago
  • OCR rate cut a result of flagging economy
    The Reserve Bank's decision to cut the Official Cash Rate to 3 per cent shows there is no encore for the so-called 'rock star' economy, says Labour's Finance Spokesperson Grant Robertson.   "Today's interest rate cut comes off the back… ...
    1 week ago
  • Reboot to an innovation economy, an Internet economy and a clean economy
    In my short 33 years on this planet we’ve seen phenomenal technological, economic and social change, and it’s realistic to expect the next 33 will see even more, even faster change. You can see it in the non-descript warehouse near… ...
    GreensBy Gareth Hughes MP
    1 week ago
  • Bill that puts the environment into the EPA passes first hurdle
    A Bill that puts the environment squarely into legislation governing the Environmental Protection Authority passed its first reading today, says Meka Whaitiri.  “I introduced this member’s bill as the current law doesn’t actually make protecting the environment a goal of… ...
    1 week ago
  • Key’s KiwiSaver deception exposed
    KiwiSaver statistics released today expose John Key's claim that the cutting of the kickstart payment "will not make a blind bit of difference to the number of people who join KiwiSaver” to be duplicitous, says Labour Finance Spokesperson Grant Robertson.  “Official… ...
    2 weeks ago
  • Minimum Wage Amendment Bill to protect contractors
    All New Zealanders should be treated fairly at work. Currently, the law allows non-employment relationships to be used to get around the minimum wage. This is unfair, says Labour MP David Parker. “The Minimum Wage (Contractor Remuneration) Amendment Bill, a… ...
    2 weeks ago
  • Bill raises bar to protect Kiwi farmland
    The Government’s rubber-stamping of every one of the nearly 400 applications from overseas investors to buy New Zealand farm land over the last three years proves tougher laws are needed, Labour MP Phil Goff says. “In the last term of… ...
    2 weeks ago
  • Costly flag referendum should be dumped
    John Key must ditch the flag referendum before any more taxpayer money is wasted, Opposition Leader Andrew Little says. “Millions of dollars could be saved if the Prime Minister called a halt to this hugely expensive, and highly unpopular, vanity… ...
    2 weeks ago
  • Nats letting Serco off scot free
    Government members have prevented Parliament’s Law and Order select committee from getting answers out of a senior Serco director about the fight clubs being run at Mt Eden prisons, says Labour’s Corrections Spokesperson Kelvin Davis. “At today’s Law and Order… ...
    2 weeks ago

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