Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

TV1 News

POWER CRISIS: Power prices are surging, and businesses are going to have to pass costs on to consumers. For weeks power shortages have been looming and power prices have been growing. Now businesses may have to cut production because their power bills are getting too big.

Fletcher Steel has already reduced capacity at peak times. Comalco has reduced its production five percent. The potential for blackouts is there if rain doesn’t come to replenish hydro lakes.

Mercury Energy says it has talked to businesses in Auckland about powering up generators, much as was done during the Auckland blackouts.

On Energy yesterday bowed out of electricity retailing, passing its customers onto Genesis, leaving consumers confused. Now there are only five major power companies. It is predicted On Energy won’t be the last company to go.

International credit agency Standard and Poors put out a statement saying New Zealand’s electricity market is unstable.

Critics of the electricity market say the Government should put a cap on wholesale electricity prices.

MPs are debating ways of controlling power prices under urgency. Ironically, nothing they are discussing will effect the current crisis – a crisis of supply.

© Scoop Media

 
 
 
Top Scoops Headlines

 

Gordon Campbell: On The Kavanaugh Case And Women’s Suffrage

On suffrage day when – reportedly – we celebrate women winning a political voice, and ensuring that their voices are heard, respected, and acted upon, despite all the attempts to ignore and silence them. More>>

Gordon Campbell: Are Only Old People Likely To Vote For Simon Bridges?

Around the world, young people seem to be gravitating to left wing policies and parties, leaving the old to prop up the conservative parties... the size of the gap suggests there’s more involved to this evolution than the usual clichés about the young being idealistic and the old being more realistic. More>>

Gordon Campbell: On The Fuss Over The PM’s Pacific Forum Trip

Truly, the abuse being levelled at PM Jacinda Ardern for doing her job at the Pacific Islands Forum shows just how much – and on how many levels – Ardern seems to enrage a goodly number of citizens. More>>

Gordon Campbell: On MP Pay And The REAL P.C. Danger Zone

There has never been anything remotely credible about the way parliamentarians would paint themselves as the helpless victims of the Remuneration Authority when it came to their pay increases... More>>

 
 
 
 
 
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog