Wednesday, 12 September 2012

Asset Sales: A Retrospective. Good article: 8 Jan 2012

A long wait for cheaper power               Energy companies warn that current power prices are 'unsustainable'. Photo / Thinkstock

5:30 AM Sunday Jan 8, 2012

Remember how the reforms of the electricity industry were going to make power cheaper? Max Bradford, the Energy Minister in the Shipley Government in the 1990s, practically went hoarse telling us how splitting ECNZ into three SOEs - Genesis, Mighty River Power and Meridian - and separating line and retail-energy businesses, requiring retailers to buy power to onsell, would be a good deal for the consumer. The consumer is still waiting...

... when significant numbers of people can't afford to turn the heater on in winter, the free market is not working any more.

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