Written By: - Date published: 1:08 pm, January 24th, 2014 - 13 comments
The Crown Financial Statements to the end of November 2013 show that the sale of Meridian and Air New Zealand added hundreds of millions of dollars to the cost of the asset sales programme. Combined with the cost of the Mighty River Power sale and ancillary costs such as the Rio Tinto payout, the total cost of the asset sales now stands at $440m. National just likes burning the money of the taxpayers for no productive purpose.
Written By: - Date published: 12:21 pm, April 16th, 2013 - 59 comments
A joint Labour / Green announcement on plans for the electricity sector will be made on Thursday. My prediction is that the plan will be bold.
Written By: - Date published: 10:03 am, March 28th, 2013 - 55 comments
Apparently Meridian Energy are saying that there is unlikely to be a renewal of the Tiwai Point power contract. This would massively disrupt the value of sales of shares in state owned power companies by this government. However news is being released just before Meridian appears before a select committee. So I’m anticipating that it is a chicken little play to scare this weak-kneed government into an emergency wastage of taxpayers dollars – just like the Peter Jackson inspired Hobbit extortion.
Written By: - Date published: 8:14 am, February 28th, 2013 - 172 comments
If we can’t afford to buy the assets back, we should at least make clear we will regulate them severely and take the profit out of electricity companies…
Written By: - Date published: 8:41 am, September 1st, 2012 - 156 comments
Planning permission has been sought to construct the world’s largest windfarm off the Scottish coast. Estimated to cost around 4.5 billion pounds and cover some 300 square km of ocean, if the project receives the green light, it will produce up to 40% of Scotland household power use. When compared to other forms of energy […]
Written By: - Date published: 2:28 pm, June 19th, 2012 - 81 comments
Independent energy analyst Molly Melhuish is putting out some facts that Tony Ryall will not find comfortable: we pay on average 28.1c per kWh from private companies and 24.79c per kWh from state owned companies. Why is the asset sales process being rushed through parliament, before Treasury can analyse Molly Melhuish’s research?
Written By: - Date published: 7:16 am, December 18th, 2010 - 26 comments
Brownlee ignored warnings that his reforms would increase power prices, not lower them as intended. Wholesale power prices have spiked from $50 to $300 per MWH. Exporters have cut production. Residential users are next. With power up and petrol breaking $2 a litre, energy is a handbrake on this supposed economic recovery.
Written By: - Date published: 9:00 am, July 22nd, 2010 - 22 comments
We’ve seen the last minute back down on mining after tens of thousands of Kiwis stood up, we’re seeing a growing tide of anger as Kiwis realise that all our work rights and wages are for the chop.. but one policy that has avoided public criticism on the level it is getting from within the industry is Gerry Brownlee’s mad electricity reforms.
Written By: - Date published: 11:26 am, January 12th, 2010 - 41 comments
Powershop is a subsidiary of Meridian Energy, an SOE. It is the most highly rated power retailer by its customers, with 92% satisfaction. On the Powershop website, there’s a blog. On this blog, the CEO of Powershop, Ari Sargent, wrote a post on the Government’s proposed electricity sector reforms. It’s insightful, adroit, politically neutral, and scathing […]
Written By: - Date published: 5:35 am, May 22nd, 2009 - 52 comments
This just in – the electricity market isn’t working. Well, plenty of people were saying that would happen back in the 1990s when National insisted on giving it a go. They split up the ECNZ into four bite size pieces to compete against each other. They planned to sell them all and create a totally private electricity […]
Written By: - Date published: 9:54 am, August 22nd, 2008 - 16 comments
Reading National’s energy policy last week I was surprised to learn that of 1942MW of new generation that has come online since 2000 1073MW of that has been thermal*. Sure enough, John Key is going around using that as a ground for National’s policy of building more gas power plants and giving up on the […]
Written By: - Date published: 3:00 pm, August 14th, 2008 - 30 comments
A positive and ambitious energy policy that reflects the personality of National leader John Key, was announced today. Old people wiped tears from their eyes and youths vowed never to tag another fence as they heard the ambitious vision National has developed for New Zealand’s energy future under heroic leader, John Key. Actually, there’s 10 […]
Written By: - Date published: 11:52 am, August 14th, 2008 - 22 comments
A policy paper has been released on how the Government’s goal of 90% renewable electricity generation by 2025 can be achieved. Micro-hydro projects and small-scale wind turbines will deliver power to rural areas. Reversibility of new generation will be built into new schemes as part of a more intense focus on sustainability. Solar power will be […]
Written By: - Date published: 10:05 am, May 7th, 2008 - 48 comments
Here’s Gerry Brownlee in the Herald today: Brownlee said the [Whirinaki] power plant, near Napier, was intended as an emergency backup to be used seldomly in dry years. But he said the figures – from use over 32 days in the three-month period – suggested otherwise. “Its increased use is more evidence that Labour has […]