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

 


Breaking Down Market Disciplines


Breaking Down Market Disciplines

"We have now seen the spectre of Government announcing the construction of a new 155-megawatt oil-fired power plant - it seems that Labour isn't satisfied with its state-owned monopolies controlling the energy sector, it now wants to return to the days when energy decisions were made around the Cabinet table" ACT New Zealand Deputy Leader and Energy Spokesman Ken Shirley said today.

"This is a complete breakdown of market disciplines. What process did the Government take in coming to this investment decision, and how will we ever know if it was the least cost option?" Mr Shirley said.

"We now have a Government making major arbitrary decisions that can only compound the serious distortions in the energy market.

"This decision is not a Labour first. We saw Kawerau's geothermal fields passed to Mighty River Power by Government decree, without any consideration of competitive bids. We have also seen Cabinet override the SOE model by directing Genesis on reserve coal stocks.

"It seems the days of relying upon the market and competition to provide least cost options have ended, as we progressively slide back to the former inefficiencies of Government control and poor decision-making. We are still servicing the debt on the failed `Think Big' projects, which resulted from decisions made by Cabinet ignoring market disciplines," Mr Shirley said.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news