Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Consumers not impressed with talk of high prices

Release: MAJOR ELECTRICITY USERS' GROUP

Any dramatic increases in electricity prices over this coming weekend will have more to do with the abuse of market power by generators not reliant on gas rather than the interruption to gas supplies caused by the pipeline shutdown according to the Chairman of the Major Electricity Users Group Terrence Currie.

He said consumers do not expect to be exploited by their energy suppliers and therefore predictions by some generators that they expect to “make quite a bit of money over the weekend” are out of line.

A number of major users of gas and electricity will be reducing their demand for electricity over the shutdown period and all energy intensive companies will be closely monitoring the situation commented Mr Currie.

“If everyone cooperates the total demand is more likely to match the available generation. The talk of high prices before the event appears to reflect the desire by some parties in the industry to exploit the situation rather than find ways of minimising any impacts. If this “talking up the price” is to cover generators bidding opportunist prices into the price setting process or to mask other ways that generators have of “gaming the spot price” consumers would find this totally unacceptable” concluded Mr Currie.

Background notes: The Maui shutdown was announced by Maui Development Limited (MDL) in a press statement on 11 April 2000. The shutdown is for three days, 12, 13 and 14 May and is needed to allow replacement of a shutdown valve at the onshore Maui Production Station at Oaonui. MDL’s statement said “This valve has the potential to cause an unplanned Maui outage at some stage in the future if not replaced.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

NZEI: Primary Teachers And Principals Vote To Reject Offers

Primary teachers and principals have resoundingly rejected the Government’s latest collective agreement offers...

NZEI Te Riu Roa President Lynda Stuart said members had sent a clear message that the offers did not address concerns about the growing teacher shortage, time to teach and support for children with additional learning needs. More>>

 

No Confidence In GWRC: Bus Drivers Vote For Strike Next Month

The Wellington Tramways Union today voted overwhelmingly for bus drivers to strike because of the breakdown in negotiations with the Wellington bus operators. More>>

ALSO:

Unanimous: MP Pay Freeze Bill Passes

“The Remuneration Authority (Members of Parliament Remuneration) Amendment legislation, to freeze the pay of MPs for one year, has been passed unanimously by the House today." More>>

Gordon Campbell: On The Party Of No Ideas

The striking thing about the issues that have had political coverage over the past few months is the almost total lack of policy content to any of them. To date, Her Majesty’s Opposition have been entirely focussed on failings in Beehive management.. More>>

ALSO:

America's Cup: Environment Court Grants Consents

Auckland Mayor Phil Goff says, “I welcome today’s decision by the Environment Court to grant consent for the bases and associated infrastructure to host the 36th America’s Cup." More>>

ALSO:

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice. Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted... More>>

ALSO:

Medical: New Surgical Mesh Safeguards

The Government has introduced strict new safeguards on the use of surgical mesh that are expected to limit its use in urogynaecological surgery. More>>

ALSO:

Handley Handling: Fired Chief Technology Officer Releases Communications

In the interests of drawing a line on this issue, today I am releasing a detailed timeline of events and all of the emails and texts between myself and Clare Curran, and myself and the Prime Minister about the role and my move back to New Zealand. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels