web analytics

Meridian sale panic

Written By: - Date published: 7:46 am, July 5th, 2013 - 45 comments
Categories: infrastructure, national, Privatisation - Tags: , ,

The Nats must be panicking about the prospects for the sale of Meridian – because they’re resorting to extraordinary tactics:

Incentive scheme could be offered for Meridian Energy sale

Radical incentives could be offered to those wanting a stake in the next State Owned Enterprise for sale under the Government’s asset sales programme.

ONE News has learned that shares in Meridian Energy could be paid for installments, effectively amounting to an interest-free loan. …

Bribing already wealthy investors with free money, how very – National. But with Mighty River Power shares well down on their opening price they may still have their work cut out for them…

Why not (ht toad) – just Keep Our Assets?


45 comments on “Meridian sale panic”

  1. Winston Smith 1

    Another winner of a proposal by National, now lets compare it to Labours latest proposal… (sorry I know its a bit mean picking on Labour when they’re down)

    • One Anonymous Knucklehead 1.1

      Yeah, bad timing for this to come out now: just when National looked like getting some “too-PC” traction against Labour, they go and offer election bribes to 2% of the population. The funny thing is you seem to think that’s a vote winner.

      • Winston Smith 1.1.1

        Of course its a winner and finally National learnt from Labour about the importance of bribes (it took them long enough though)

        • One Anonymous Knucklehead

          Keep telling yourself that.

        • Lanthanide

          Yeah, ’cause the tax cuts north of $50 a week, that they never delivered, weren’t a bribe.

          That was 2008. Maybe you weren’t paying attention all that time.

    • Suitably Clueless 1.2

      How is this a winner? Now my public asset is being sold to ‘mum and dad’ investors and now they are being bribed with our tax dollars. You’re lack of objectivity is as startling as Patrick Gowers.

      • Winston Smith 1.2.1

        and being sold to me as well 🙂

        • Polish Pride

          You’d have to be an idiot to buy shares. Cost of Alternative energy continues to get cheaper and cheaper. It just isn’t a good investment.

          • Winston Smith


            Wind power couldn’t be run without subsidies but thanks for the financial advice I’ll give it due consideration and then stick with hydro generation

            But thanks anyway

            • Polish Pride

              its not wind power. Run the numbers on personal Solar vs putting the money in the bank. As solar continues to become more affordable more and more will go off grid and grid tied. So you are investing in a company that will have a shrinking customer base. But then hey, Its your money 😉

            • Polish Pride

              its not wind power. Run the numbers on personal Solar vs putting the money in the bank. As solar continues to become more affordable more and more will go off grid and grid tied. So you are investing in a company that will have a shrinking customer base. But then hey, Its your money 😉

          • Melb

            Wouldn’t that make it better for the Govt to divest itself of such dead technologies then?

          • Zaphod Beeblebrox

            Don’t see why nobody in the media actually get this. The price of solar generation is plummeting and NZ has a ridiculously cumbersome and expensive delivery system for power. As power prices go up and we invest in more and more efficient appliances and houses the only thing propping up the large increasingly expensive sources of remote generation will be governments who need to appease private shareholders in these white elephant companies. Demand for power is falling not increasing in Australia, same thing is going to happen in NZ.

    • tracey 1.3

      So you agree now is the time for the Government to be giving money away… when everyone else is tightening their belts.

    • paul andersen 1.4

      you misspelled weiner, a word you especially should know the spelling and meaning of.

  2. AmaKiwi 2

    Meridian has door-to-door sales people in my neighborhood signing up customers so they can show increased sales. They are offering substantially lower power prices (compared to Genesis), a $250 rebate after 3 months, BUT, you can’t leave the scheme until after March 2015, by which time Meridian should have been sold off.

    • Chris 2.1

      Meridian has been doing this for a few years now. I’ve had a number of their salesman come to my door and refuse to leave until I actually shut the door in their face. Never had such a hard sell in my life.

      Edit – always wondered how effective this tactic is (i.e. how many people do they sign up as opposed to people like me who would never even think of using them because of the people they have sent to my door.

      • Rogue Trooper 2.1.1

        well, we have a “Beware Dog / s” notification to cold-callers.

        • AmaKiwi

          A farmer neighbor of mine had a sign: “Every third salesman gets shot. The second one just left.”

  3. Descendant Of Sssmith 3

    So the bribing has already started before the sale.

    Presumably next round the next power company owned by the state on the block will do something similar.

    Still at least mum and dad investors can actually make (save) some money from the $250 rebate.

    Be a bit of a shame if they were all MRP customers though. Those dividends and share prices might not be looking so good.

    Be interesting whether there’s been any govt interference in this? Is for instance this offer being made across the country or just targeting curtains parts and what the rationale is for that.

  4. fender 4

    Like I said yesterday, this is just bribery.

    Will those without a deposit still be able to take advantage of this interest free hire purchase?

    • Rogue Trooper 4.1

      Yep. Interest free loans to gamble.

      • fender 4.1.1


        Exactly what I think when I hear the “news” on how the “markets” have performed, and I’m left wondering where are the results for the horse races.

        Some gambling is given the respectable name known as “investing”. Investing sounds so much more noble.

        • Winston Smith

          Cool, I was going to buy some but instead I’ll take advantage of the interest free loan 🙂

          • Descendant Of Sssmith

            Hopefully everyone on a benefit will be able to get an interest free advance to buy their shares.

            If it’s good for those with money, if it’s really important to the country all New Zealanders participate and it it’s key to the countries economic prosperity then all beneficiaries should be able to be part of it as well.

          • fender

            Taking advantage, at someone else’s expense is what you rightwing creeps do best.

            • Winston Smith

              Sounds like left wing policy to me 🙂

              • fender

                You were the one who said:

                “Cool, I was going to buy some but instead I’ll take advantage of the interest free loan”

                It’s your policy you fool. It’s a waste of time talking with you obviously, you are only better than Brett Dale because you can spell better than that fool, but you are both insane in the membrane.

                • Winston Smith

                  I’ll explain then shall I?

                  “Sounds like left wing policy to me”

                  – See that was in reference to your comment of: “Taking advantage, at someone else’s expense is what you rightwing creeps do best”

                  Left wing policy is all about taxing people who work harder and earn more and giving it to people who earn less.

                  Thats what I was referring to.

                  Another example would be when labour introduced its election bribe of WFF it benefitted a lot of people but a lot of people got no benefit (such as myself) from it even though we all paid for it.

                  Now National is offering an election bribe and I can benefit from it. 🙂

                  And nice reference from 1993, good to see lefties are up to date and current

                  • Descendant Of Sssmith

                    You like most righties confuse “work harder” with “earn more”.

                    They are not anywhere near the same thing and many people don’t even work to earn.

                    Paying less tax because you work harder would revolutionise the tax system. Cleaners and plumbers would pay less and landlords and shareholders would pay more. Banks and Apple would pay much much more.

                  • One Anonymous Knucklehead

                    So, you earn more if you work harder, do you? Like nurses. Or coal-miners, for example.

                    You’re delusional. Productivity up, wages down.

                    • Descendant Of Sssmith

                      Yep apparently Google works harder and we take lots and lots of tax off them…….

                      And apple works itself down to it’s core. That’s all that’s left once the taxman makes his cut…….


                      It’s bloody hard work making those digital copies!

                      And despite lowering taxes to make it easier to do business and to create jobs we find businesses doing this:


                    • Winston Smith

                      Personaly speaking I earn more now then I ever have in my life, I also have more responsibility, had more training and my job is now harder.

                      Which means I earn more but work harder for it.

                    • Descendant Of Sssmith

                      I work harder and earn more than I ever have as well.

                      I don’t however begrudge paying tax for welfare and am well aware that the people at the bottom needed the money that was given to me in tax cuts more than I needed it.

                      I also recognise that I’m fortunate in many ways to have a good brain and a decent paying job that requires my skills and well aware it’s only a fall or a car accident away from not being in that position. Either of the two times I’ve been hit from behind by a car while biking for instance could have left me a permanent invalid.

                      Dint of genetics and good luck and opportunity play a significant part in my circumstances. Hard work and discipline builds on that but the first three things play a significant role as well. As did being born in the sixties when there were when I entered the work force jobs for everyone that was remotely able and a commitment by government to a welfare system with little moralising.

                      And yep we paid more tax for it.

                      Now we pay less tax but moan much much more about paying it.

                      Why because in paying less tax we have deluded ourselves that we were getting pay increases. We sacrificed decent pay rates for tax cuts and let corporate business in particular take more and more profit.

                      The biggest change in this country has been the movement of wages into profit.

                      From 70% of GDP in wages to 30% is a dramatic change. Those who benefit the most from such a change are the owners of the businesses whom can never have enough. The corporate model stifles competition and small business suffers because the wage earners have less to spend. Hoarding money (accumulating wealth) does the country little good.

                    • Colonial Viper

                      “Why because in paying less tax we have deluded ourselves that we were getting pay increases. We sacrificed decent pay rates for tax cuts and let corporate business in particular take more and more profit.”

                      Spot on.

                    • Draco T Bastard

                      Those who benefit the most from such a change are the owners of the businesses whom can never have enough.

                      Reminds me of what I said here:

                      See, if we follow the logic that presently applies there would be no tax take as all expenses would be tax deductible. This brings up the question: Why are there tax deductions at all? The answer would seem to be in who gets the tax deductions and that’s a class of people which happens to be a minority – the bosses.

                      Our entire socio-economic system is designed to enrich a few people at everyone else’s expense.

                  • fender

                    Only a fool would think a “left-wing policy” for the 2% is still a left-wing policy.

                    Descendant Of Sssmith points out the gaping hole in your reasoning.

    • Rogue Trooper 5.1

      Robert Wiedemer : ‘America’s Bubble Economy’, now the sequel follow-up ‘Aftershock’.
      (” various online networks have repeatedly shut down”, his video interview). Some interesting corresponding commentary on Zero Hedge, QE 4- 99, for example.

  5. Keep going Key, more and more Kiwis are waking up to your smug belligerence, you have no policy or desire to help the underprivileged. All is done for your corporate mates and your own selfish interests.

    When the power companies are in private hands and prices continue to rise, you will be off somewhere without a care while an ever increasing population of down trodden New Zealanders struggle to pay their power bill and keep their families warm.


  6. Appleboy 7

    Winston – are you really that fucking ignorant or just plain greedy both?

    Here’s the thing. 5% of kiwis earn over $100K. and 1% earn incomprendably more than that. In your world, anyone who doesn’t earn a comfortable wage is lazy and/or a bludger.

    Well WINSTON – it isn’t possible for everyone or even the majority to earn the big bucks. There isn’t enough jobs paying that in any society, including new Zealand in case you hadn’t noticed.

    So, you greedy Nat/ACT types do well, while the majority just get by or struggle , and struggle even more whenever there is a right wing government in place.

    You greedy prick – you begrudge the average kiwi doing Ok because of your greedy worldview.

    You and your types make me sick and you’ll never get it, you’ll never get it, how greedy and utterly lacking in empathy for anyone outside of your little rightwhinge wankers bubble.

Links to post

Recent Comments

Recent Posts


  • A charge on plastic bags – debunking some myths
    The launch of my Members’ Bill last week, which would introduce a 15 cent charge on single-use plastic bags at the check-out, has generated a lot of comment on mainstream and social media. From The Paul Henry Show at the ...
    GreensBy Denise Roche
    2 days ago
  • National’s $1trillion property sandcastle
    The National government's failure to fix the housing crisis has seen the ballooning and unsustainable property market touch the $1 trillion mark, Labour’s Finance spokesperson Grant Robertson says. "Labour wants an economy that creates high wage work that is based ...
    2 days ago
  • Government failure on housing crisis drives Reserve Bank to add tools
    If the Government was delivering a comprehensive plan to fix the housing crisis, it is unlikely that the Reserve Bank would be continuing to pursue debt to income limits for lending for housing, says Labour’s Finance spokesperson Grant Robertson. ...
    3 days ago
  • International embarrassment for NZ likely over National’s failure to protect Maui dolphin
    New Zealanders who care about Maui dolphin should prepare to feel embarrassed: the Government is about to be put to shame on the international stage for its lack of action to protect Maui’s dolphin. The International Whaling Commissions’ 66th Biennial ...
    GreensBy Eugenie Sage
    5 days ago
  • Why don’t we spend $1b to keep people out of jail, rather than spending it on keeping them in?
    Earlier this week, Corrections Minister Judith Collins announced the government’s ‘solution’ to our burgeoning prison population. It seems that most, if not all, of Bill English’s hard-won surplus is going to disappear into another round of prison-building.  That must be ...
    GreensBy David Clendon
    7 days ago
  • PKE Ship Sent Packing – Not Too Soon
    It is appropriate that the palm kernel expeller (PKE) ship off Tauranga has been sent packing. For weeks I have been saying this ship needed to be sent away, but it seems as if MPI has been trying to find ...
    GreensBy Steffan Browning
    7 days ago
  • Do you #LoveSnow?
    I was a lucky kid. When I was about five or six my mum and auntie took me up to Whakapapa on Mt Ruapehu and taught me to ski. As a young kid I thought there was no bigger ...
    GreensBy James Shaw
    7 days ago
  • Awa Kairangi/Hutt River – Swimmable?
    On Thursday night I hosted a great swimmable rivers meeting organised by the local Greens in Heretaunga (Hutt Valley). It was great to see about 70 people attend and engage in the topic. We were welcomed by Te Atiawa representative ...
    GreensBy Catherine Delahunty
    7 days ago
  • September benefit figures disappointing
    The Government is out of touch with the reality that fewer people are going off the benefit and into employment or study, says Labour’s Social Development spokesperson Carmel Sepuloni.  “The quarterly benefit numbers for September are concerning. They show that ...
    7 days ago
  • MFAT officials refuse to back Prime Minister on Saudi sheep claims
    An Ombudsman’s interim decision released about the existence or otherwise of legal advice on the multimillion dollar Saudi sheep deal shows MFAT has failed to back up the Prime Minister’s claims on the matter, says Labour MP David Parker. “The ...
    7 days ago
  • Barry Coates on his first weeks in Parliament
    Week one in Parliament has been quite an occasion. I would like to share the experience. I had given up on the prospect of getting into Parliament before the election and had been enjoying the diverse work I was doing ...
    GreensBy Barry Coates
    7 days ago
  • Nats still planning to take Housing NZ dividend
    Housing New Zealand’s Statement of Performance Expectations shows that the National Government intends to pocket $237m from Housing New Zealand this year including a $54m “surplus distribution”, despite promises that dividends would stop, says Labour’s Housing spokesperson Phil Twyford. “After ...
    1 week ago
  • Parliament must restore democracy for Ecan
    Parliament has a chance to return full democracy to Canterbury with the drawing of a member’s bill that would replace the Government’s appointed commissioners with democratically elected councillors, says Labour’s Canterbury Spokesperson Megan Woods. “In 2010, the Government stripped Cantabrians ...
    1 week ago
  • Police struggle to hold the line in Northland
    Labour’s promise of a thousand extra police will go a long way to calming the fears of people in the North, says the MP for Te Tai Tokerau Kelvin Davis.  “Police are talking about the Northland towns of Kaitaia and ...
    1 week ago
  • Vote Sooty Shearwater/Tītī for Bird of the Year
    Sooty shearwater (Puffinus griseus) are amazing and deserve your vote in Forest and Bird’s Bird of the Year competition.  They make one of the longest known bird migrations, flying an annual round trip of 64,000 kms across the entire Pacific ...
    GreensBy Eugenie Sage
    1 week ago
  • Urgent action on agriculture emissions needed
    Immediate action is required to curb agricultural emissions is the loud and clear message from Climate change & agriculture: Understanding the biological greenhouse gases report released today by the Parliamentary Commissioner for the Environment, says Labour’s Climate Change spokesperson Megan ...
    1 week ago
  • Super Fund climate change approach a good start
    Labour Finance Spokesperson Grant Robertson and Climate Change Spokesperson Dr Megan Woods have welcomed the adoption of a climate change investment strategy by the New Zealand Super Fund. “This is a good start. It is a welcome development that the Super ...
    1 week ago
  • Energy use going in the wrong direction
    New data out this week from Statistics NZ paints a concerning picture of energy use across the economy under this National Government. You won’t be surprised to hear that there is some seriously worrying information here about how dirty our ...
    GreensBy Gareth Hughes
    1 week ago
  • Raising the age the right thing to do
    The announcement today that the Government will leave the door open for young people leaving state care still means there is a lot of work to do, says Labour's Spokesperson for Children, Jacinda Ardern "The Government indicated some time ago ...
    1 week ago
  • Junior Doctors go on Strike
    Thousands of junior doctors took strike action for 24 hours this week for better working conditions and safer working hours.  The Green Party supports their cause, and particularly their claims to reduce the number of days worked from up to ...
    GreensBy Denise Roche
    1 week ago
  • Coleman plays down the plight of junior doctors
    Junior doctors are crucial to our health services and the industrial action that continues tomorrow shows how desperately the Government has underfunded health, says Labour’s Health spokesperson Annette King.  “Jonathan Coleman’s claim that he has not seen objective evidence of ...
    1 week ago
  • Inflation piles pressure on National and Reserve Bank
    While many households will welcome the low inflation figures announced today, they highlight serious questions for both the National government and the Reserve Bank, Labour’s  Finance Spokesperson Grant Robertson said.  "While low inflation will be welcomed by many, the ...
    1 week ago
  • Officials warned Nat’s $1b infrastructure fund ineffective and rushed
    Treasury papers show the Government rushed out an infrastructure announcement officials told them risked making no significant difference to housing supply, says Labour’s housing spokesperson Phil Twyford.  “Like so much of National’s housing policy, this was another poll-driven PR initiative ...
    1 week ago
  • More cops needed to tackle P
    New Police statistics obtained in Written Questions show John Key is losing his War on P, highlighting the need for more Police, says Opposition Leader Andrew Little.  “New Zealanders expect serious action on P but today’s hodgepodge of half-measures won’t ...
    2 weeks ago
  • Strengthening our relationship with the Rātana movement
    It was a privilege to visit Rātana Pā last week with fellow Greens’ Co-leader James Shaw, our Māori Caucus and senior staff to meet with the leaders of te iwi mōrehu, to strengthen the ties between the Green Party and ...
    GreensBy Metiria Turei
    2 weeks ago
  • MBIE docs show country needs KiwiBuild, not Key’s pretend “building boom”
    John Key’s spin that New Zealand is in a building boom does not change the massive shortfall in building construction as new MBIE papers reveal, says Labour Party housing spokesperson Phil Twyford.  “We can fix the housing crisis, by the ...
    2 weeks ago
  • 1 in 7 Akl houses now going to big property speculators
    Speculators are running riot in the Auckland housing market making life tougher for first home buyers, says Labour’s housing spokesperson Phil Twyford.  Newly released data from Core Logic shows a 40 per cent increase in the share of house sales ...
    2 weeks ago
  • Disconnected thinking dirties the water
    Iain Rabbitts’ belief that drinking water quality, charging for water use and the land use that leads to water quality degradation should be treated separately is part of the problem we have right now in this country. The connection is ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Report back from Hands Off Our Tamariki hui
    This week I attended a hui in Otaki organised by Hands Off Our Tamariki about the proposed reforms to the Child Young Persons and their Families Act. Moana Jackson and Paora Moyle spoke.  They expressed deep, profound concern about the proposed ...
    GreensBy Jan Logie
    2 weeks ago
  • Labour mourns passing of Helen Kelly
    Helen Kelly was a passionate advocate for working New Zealanders and for a safe and decent working life, Leader of the Opposition Andrew Little says.  “Helen Kelly spent her adult life fighting for the right of every working person to ...
    2 weeks ago
  • National’s visionless immigration policy
    National’s recent immigration announcement is a continuation of the visionless approach to government that it has displayed in the last three terms. Rather than using the levers of government to implement a sustainable immigration policy that benefits new and current ...
    GreensBy Denise Roche
    2 weeks ago
  • Andrew Little: Speech to the Police Association Conference 2016
    Police Association delegates, Association life members and staff, representatives from overseas jurisdictions. Thank you for inviting me here today. The Police Association has become a strong and respected voice for Police officers and for policing in New Zealand. There is ...
    2 weeks ago
  • 1,000 more police for safer communities
    Labour will fund an extra 1,000 Police in its first term to tackle the rising rate of crime, says Leader of the Opposition Andrew Little. “Labour will put more cops on the beat to keep our communities safe. ...
    2 weeks ago
  • Call for all-party round table on homelessness
    Labour is calling on the Government to take part in a roundtable meeting to hammer out a cross-party agreement on ending homelessness.  Labour’s housing spokesperson Phil Twyford said the country wanted positive solutions to homelessness, and wanted the political parties ...
    2 weeks ago
  • Seclusion rooms in schools
    Schools are undoubtedly stretched and underfunded to cope with students with high learning support needs. But this cannot justify the use of rooms (or cupboards) as spaces to forcibly isolate children. It has emerged via media that this practice continues ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Public should get a say on new Waikato power station
    I had an opinion piece published in the Waikato Times about a controversial proposal to build a new gas-fired power station. It’s not on their website yet, so here it is: If you think the public would get a say ...
    GreensBy Gareth Hughes
    2 weeks ago
  • MSD and their investment approach
    The Government talks about investment but there is no investment. It is not investment if it isn’t over the whole of life and if there is no new money  — Shamubeel Eaqub   Investment sounds like adequate resourcing but this ...
    GreensBy Jan Logie
    2 weeks ago
  • Certainty needed for community services
    A couple of months ago I was at a seminar where three community organisations were presenting. Two of the three presenters were waiting to find out if their organisation would get a contract renewed with MSD. Not knowing if their ...
    GreensBy Jan Logie
    2 weeks ago
  • Domestic Violence – some advice for the media
    For the purpose of this piece, I’m going to use Domestic Violence (DV) as a proxy for intimate partner violence. DV is not isolated to physical abuse in a relationship between people with the same power. DV is a pattern of ...
    GreensBy Jan Logie
    3 weeks ago
  • Leroy’s New Paw Prints
    Leroy, an Auckland great dane recently received a new 3D printed bionic leg after cancer was discovered. I think this is a fantastic story and highlights the real potential of additive manufacturing, or 3D printing Leroy’s prosthetic was printed in titanium and was ...
    GreensBy Gareth Hughes
    3 weeks ago