web analytics

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.


History

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

Recent Comments

Recent Posts


History

  • Nick Smith must urgently intervene to avoid housing delays
    National must urgently legislate to make the unitary plan operable while allowing a high court challenge against to make its way through the legal process, Labour’s Auckland Issues spokesperson Phil Twyford says. “Auckland desperately needs this plan right away to ...
    19 hours ago
  • Kiwis drowning in debt in out of control housing market
    New statistics reveal Kiwis are taking on record levels of debt in order to get into the housing market, as prices continue to outstrip incomes, says Labour’s Housing spokesperson Phil Twyford. “Stats NZ has today revealed real estate loans ...
    20 hours ago
  • Planning reform report a turning point?
     A joint report from business and environmentalists on the Resource Management laws could be a turning point for both planning and environmental protection, says Labour’s Environment spokesperson David Parker.  “The four organisations, the Environmental Defence Society, the Property Council, the ...
    22 hours ago
  • Privatisation and deregulation not the solution
    Deregulation, privatisation, and shifting more of the cost onto students isn’t the way to address inequality, lack of innovation and declining participation in tertiary education, says Labour’s Education spokesperson Chris Hipkins. ...
    1 day ago
  • Homeownership out of reach for middle income Aucklanders
    New figures show that even middle income Aucklanders are finding themselves unable to afford to buy a first home as National’s housing crisis rolls on, says Labour’s Housing spokesperson Phil Twyford. “New data released by interest.co.nz shows that the lower ...
    2 days ago
  • More toilet cleaners or more tradespeople?
    The Government is not doing enough to help the construction and trades sector meet its workforce demand, instead steering students towards cleaning toilets, says Labour’s Skills and Training spokesperson Jenny Salesa. ...
    2 days ago
  • More cracks appear in health funding
    News that the Waikato District Health Board could lose $2.7 million from its budget because it failed to make an elective target is downright disturbing, says Labour’s Acting Health spokesperson Dr David Clark.  “This is a DHB that has tried ...
    2 days ago
  • Student debt cracks the billion mark
    New figures showing that student loan defaulters have now clocked over $1 billion in debt highlights National's failure to combat spiralling student loan debt, Labour's Education spokesperson Chris Hipkins says. "Threatening to arrest returning student loan borrowers at the ...
    3 days ago
  • Foreign Students just a commodity to National
    National MP Kanwaljit Singh Bakshi has confirmed that his party sees international students as nothing more than a commodity, says Labour's Immigration spokesperson Iain Lees-Galloway. "Mr Bakshi’s appalling comparison of some students to 'faulty fridges' that should be returned to ...
    4 days ago
  • Tolley’s spin on Education spend doesn’t add up
    National’s spin about school funding won’t wash with parents who are paying more and more of the cost of their kids’ education every year, says Labour’s Education spokesperson Chris Hipkins.  “All the spin in the world can’t hide the fact ...
    4 days ago
  • National not facing up to export challenge
    “The latest export data from Statistics New Zealand paints a picture of an economy which is not paying its way in the world, says Labour’s Finance spokesperson Grant Robertson. “Exports fell 9% - led by milk powder exports falling to ...
    4 days ago
  • Correction over Talley’s statement
    Labour’s Workplace Relations spokesperson Iain Lees-Galloway has been advised by AFFCO Ltd that AFFCO is not advertising for staff in the Manawatu through MSD as stated in a press statement released earlier today.  “I have been advised by AFFCO that ...
    7 days ago
  • Minister, cut your losses – withdraw this doomed Bill
    Local Government Minister Sam Lotu-Iiga’s request for a five month extension on the report back date for the Local Government Act 2002 Amendment Bill (No 2) is an admission that the Bill is fundamentally flawed, says Labour’s Local Government Spokesperson ...
    7 days ago
  • Coleman’s cuts create crisis
    Mental health services in New Zealand are in a state of crisis with Youthline saying that calls for extreme depression doubled last year, says Labour’s Associate Health spokesperson Dr David Clark.  “About 150 young Kiwis are missing out on help ...
    7 days ago
  • Government helping Talley’s to break workers
    The Ministry for Social Development appears to be assisting Talley’s-Affco replace experienced workers effectively locked out by the company, say Labour’s Social Development spokesperson Carmel Sepuloni and Workplace Relations spokesperson Iain Lees-Galloway. “MSD is advertising for meat processing workers for ...
    7 days ago
  • Electives lag due to $1.7 billion hole
    The lag in hip and knee replacements is a direct consequence of the Government’s $1.7 billion underfunding of health, says Labour’s Associate Health spokesperson Dr David Clark.  “A comprehensive study by the University of Otago says that the rate of ...
    7 days ago
  • Speech to Master Builders’ Constructive conference
    Today’s all about being Constructive. And that is good because I believe there is a hunger out there for positive solutions. We must be able to believe there can be a better future. ...
    7 days ago
  • Māori Party housing plan complete failure
    The Māori Party’s housing plan to put more Māori into more homes has been a complete failure with fewer than five loans granted per year, says Labour’s Maori Development spokesperson Kelvin Davis. ...
    1 week ago
  • Fund IRD better to go after tax avoiders
    National’s Tax Working Group used the following graph (p30) in 2010 as part of their justification to cut the top tax rate. The big peaks around the top tax threshold were evidence of a suspiciously high number of taxpayers ...
    GreensBy robert.ashe
    1 week ago
  • Pasifika youth ignored by the Government
    The Adolescent Health Research Group’s new report on the wellbeing of young Pacific people shines a spotlight on the Government’s failure  to deliver any “brighter future” for them, says Labour’s Pacific Island Affairs spokesperson Su’a William Sio.  “Their research shows ...
    1 week ago
  • Police in the provinces are dissatisfied
    Police in the cities of Gisborne, Napier and Hastings are a lot more unhappy than their big city cousins says Labour’s Police Spokesman Stuart Nash.     “In fact the top four districts for enjoyable work within NZ Police are ...
    1 week ago
  • Govt action needed after Wheeler holds
    The Reserve Bank Governor’s warning that “excessive house price inflation” is posing a risk to financial stability puts the pressure back on the Government to take action to address the housing crisis, says Labour’s Finance spokesperson Grant Robertson. “Graeme Wheeler’s ...
    1 week ago
  • Minister confirms – new ministry only about abuse
    ...
    1 week ago
  • Silver Ferns Farms decision a tragedy
    The rubber stamping by the Overseas Investment Office of the Shanghai Maling buyout of Silver Fern Farms is a sorry day for the once proud New Zealand meat sector, says Labour’s spokesperson for Primary Industries, Damien O’Connor.  “Generations of Kiwis ...
    1 week ago
  • Benching Nick Smith first step to Kermadec solution
    Side-lining Nick Smith must be the first step in sorting out the Government's Kermadec debacle, says Labour's Fisheries Spokesperson Rino Tirikatene. “Last week Labour called for Nick Smith to be removed from further negotiations with Te Ohu Kaimoana over the ...
    1 week ago
  • Parents, schools, teachers oppose bulk funding
    Overwhelming opposition to the National Government’s school bulk funding proposal is unsurprising and Hekia Parata should now unequivocally rule out proceeding with the idea, Labour’s Education spokesperson Chris Hipkins says. “Bulk funding could only lead to bigger class sizes or ...
    1 week ago
  • MBIE gives up on enforcing the law
      The Government must provide labour inspectors with the resources they need to enforce basic employment law after reports that MBIE is only prosecuting the worst cases, says Labour’s Workplace Relations and Safety spokesperson Iain Lees-Galloway.  “Today’s news that MBIE ...
    1 week ago
  • West Coast population declines amid bleak economic forecast
    Despite the country experiencing record population growth, the number of people living in the West Coast fell, highlighting struggles in the region from low commodity prices and a poor economic forecast, says Labour’s Economic Development spokesperson David Clark. “The latest ...
    1 week ago
  • Recovery roadblocks cause for concern
    Strong pressure on mental health services, a flagging local economy and widespread issues with dodgy earthquake repairs are all causes for concern for people in Canterbury according to a new survey, says Labour’s Canterbury spokesperson Megan Woods. “Today the CDHB’s ...
    1 week ago
  • Motel purchase must not kick people onto the street
    The Government’s purchase of a South Auckland motel to house the homeless must come with a promise that the current long term tenants will not be kicked out onto the streets, says Labour’s Housing spokesperson Phil Twyford. “It is bizarre ...
    2 weeks ago
  • Not everyone singing along to so-called rock star economy
    The Westpac McDermott Miller Confidence Survey shows there is serious unease about the economy’s ability to deliver benefits to many New Zealanders, despite the Government trumpeting headline figures, says Labour’s Finance spokesperson Grant Robertson. “According to this survey a significantly ...
    2 weeks ago
  • Youth no better off under National’s “guarantee”
    John Key’s Youth Guarantee is such a spectacular failure that those who undertake the programme are more likely to end up on a benefit and less likely to end up in full-time employment than those who don’t, Leader of the ...
    2 weeks ago
  • More low-skilled students becoming residents
    New figures showing international students now make up nearly 40 per cent of all principal applicants approved for New Zealand residency and that their skill level has fallen dramatically, are further evidence that National’s immigration system is broken, says Labour’s ...
    2 weeks ago
  • 35% of offshore speculators paying no tax
    Offshore investors are aggressively exploiting tax breaks to pay no tax on their rental properties according to IRD data released by Labour’s Housing spokesperson Phil Twyford. “35% of offshore investors are paying no tax on their properties, and are pocketing ...
    2 weeks ago
  • Friday fish dump stinks
    This government has dumped bad news on a Friday to try to avoid political scrutiny in Parliament, says Labour’s Environment spokesperson David Parker. ...
    2 weeks ago
  • OECD report card: National must try harder
    The OECD report on education shows there’s much more to be done for young Kiwis, Labour’s education spokesperson Chris Hipkins says. ...
    2 weeks ago
  • Kermadec stoush shows Maori Party double-standards
    The Māori Party’s reaction to the trampled Treaty rights and the Government’s lack of consultation on the Kermadec Ocean Sanctuary reeks of the same arrogant mismanagement of the unpopular Maori land reforms, Ikaroa-Rāwhiti MP Meka Whaitiri says. ...
    2 weeks ago
  • Flawed fish dumping calls
    The finding that MPI failed to properly enforce the law even when it had evidence of fish dumping seriously damages the trust and credibility of the Ministry, the industry and this Government, Labour's Fisheries Spokesperson Rino Tirikatene says. ...
    2 weeks ago
  • Sidestepping Smith should be side-lined
    Nick Smith's arrogance and disrespect towards Māori is putting the future of the Kermadec Ocean Sanctuary at risk and he needs to excuse himself from further negotiations with Te Ohu Kaimoana, Labour's Fisheries spokesperson Rino Tirikatene says. ...
    2 weeks ago
  • Government must respond to cash for jobs scam
    Urgent Government action is required to halt  the emerging cash-for-jobs immigration scandal that is taking hold in New Zealand says Labour’s Immigration Spokesperson Iain Lees-Galloway.  “Stories of rogue immigration agents scamming thousands of dollars from migrant workers are just further ...
    2 weeks ago
  • Government dragging its feet on surgical mesh
    Jonathan Coleman is dragging his feet over any action to protect New Zealanders from more disasters with surgical mesh, says Health Spokesperson Annette King.  “The Government’s pathetic response is to claim all will be fixed by a new regime to ...
    2 weeks ago
  • Labour’s baby number app goes gangbusters
    An interactive tool that celebrates Labour’s achievements in health over the decades has become an online hit, says Labour’s Health spokesperson Annette King.  “Since the tool was launched last night, 18 thousand people have used it to find their baby ...
    2 weeks ago
  • Real disposable income falls in last three months
    Kiwis are working harder than ever but real disposable income per person fell in the last quarter thanks to record population increases, Labour’s Finance spokesperson Grant Robertson said. ‘In Budget 2016 the National Government said that what mattered most for ...
    2 weeks ago
  • Baby number app celebrates Labour achievements
    Labour has launched an interactive tool that allows New Zealanders to take a look back at our achievements in health over the decades, says Labour’s Health spokesperson Annette King.  “Today is the 78th anniversary of the Social Security Act 1938, ...
    2 weeks ago
  • Legal experts unpick Māori land reforms
    One of New Zealand’s top law firms has joined the chorus of legal experts heavily critical of the controversial Te Ture Whenua Maori Bill, adding more weight to the evidence that the reforms fall well beneath the robust legal standards ...
    2 weeks ago
  • Industries most reliant on immigration worst offenders
    The industries most reliant on immigration are the worst offenders when it comes to meeting their most basic employment obligations, says Labour’s Immigration spokesperson Iain Lees-Galloway.  “The industries that are most reliant on immigration are Hospitality, Administration, Agriculture, Forestry and ...
    2 weeks ago
  • Time to remove law that discriminates against sole parents
    It’s time to repeal a harmful law that sanctions those who do not name the other parent of their child, Labour’s Social Development Spokesperson Carmel Sepuloni says. “Every week, 17,000 children are missing out because their sole parent is being ...
    2 weeks ago
  • Government handling of Kermadecs threatens Treaty rights
    ...
    2 weeks ago
  • Prime Minister should give Police Minister some backbone
    The Prime Minister should condemn the ridiculously light sentence given to Nikolas Delegat for seriously assaulting a police woman, Labour’s Police spokesman Stuart Nash says. ...
    2 weeks ago
  • Government listens to Labour on family violence
    Labour is pleased the Government has finally acted on strengthening a range of measures against family violence, says Labour’s spokesperson on Family Violence Poto Williams.  “Some of the latest changes including a new family violence offence of non-fatal strangulation is ...
    2 weeks ago


History


History


History