Written By:
IrishBill - Date published:
8:44 am, May 23rd, 2009 - 3 comments
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The server will be getting hardware changes this evening starting at 10pm NZDT.
The site will be off line for some hours.
that’s a doozey! keep em comin
Its hard not to think the whole power pricing thing is just one gigantic f#$k up.
Capitalism at its worst?
I don’t have much confidence in Gerry Brownlee to sort this out, 9 years in opposition and his response is ‘i’ll wait for a report to come out in September and then think about it’.
To be fair he has frozen power prices but only after the prices were all recently hiked.
I am going to express a minority view here.
The reason why the companies “overcharge” us in drought years is because there is a shortage of supply, so they ration via price – how else can any market do this?
Any extra profit made as a result goes into increasing non hydro supply (increasing reserve capability) – such as wind farms.
The power companies do offer some assistance to encourage energy efficiency, but more could be done if government used their share of these windfall profits (tax and dividends) to help more people insulate and buy heat pumps. Reducing demand for power is as effective as creating more renewable energy in terms of having sufficient supply, and in terms of cost could actually reduce the unit price of power (as wind power is higher than average unit cost).
So if anyone should be blamed it is the last government and this (like its its 90’s administration) for not simply adopting better policy – just read the releases of the Green party.