• Electricity Prices

    From Rich80105@21:1/5 to All on Fri Aug 9 08:37:11 2024
    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html

    --- SoupGate-Win32 v1.05
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  • From Tony@21:1/5 to Gordon on Thu Aug 8 23:39:48 2024
    Gordon <Gordon@leaf.net.nz> wrote:
    On 2024-08-08, Rich80105 <Rich80105@hotmail.com> wrote:
    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html

    This will be one of many articles explaining why the other sides actions
    have caused all this and they have not done anything to cause the present >situation.
    Exactly. Labour and National have equal responsibility for this. Only fools and horses believe differently.

    Meanwhile the lights are likely to go out and the fix will set us up fot the >next disaster.

    --- SoupGate-Win32 v1.05
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  • From Gordon@21:1/5 to Rich80105@hotmail.com on Thu Aug 8 23:28:27 2024
    On 2024-08-08, Rich80105 <Rich80105@hotmail.com> wrote:
    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html

    This will be one of many articles explaining why the other sides actions
    have caused all this and they have not done anything to cause the present situation.

    Meanwhile the lights are likely to go out and the fix will set us up fot the next disaster.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Crash@21:1/5 to All on Fri Aug 9 12:45:06 2024
    On Fri, 09 Aug 2024 08:37:11 +1200, Rich80105 <Rich80105@hotmail.com>
    wrote:

    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html

    This is an article that finds fault only with previous National-led
    governments (over 9+9 years) and ignores the fact that Labour-led
    governments (over 9+6 years) ignored the issues now apparent.

    Yes, both National governments sold off some elements of the industry
    to private ownership (Contact 100%, 3 other 49% each) but the reality
    is that electricity generation and retailing is still dominated by Government-controlled entities.

    It should be noted that the current government seems likely to be
    forced by circumstances to take action.


    --
    Crash McBash

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  • From Rich80105@21:1/5 to Gordon on Fri Aug 9 13:40:28 2024
    On 8 Aug 2024 23:28:27 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    On 2024-08-08, Rich80105 <Rich80105@hotmail.com> wrote:
    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html

    This will be one of many articles explaining why the other sides actions
    have caused all this and they have not done anything to cause the present >situation.

    Meanwhile the lights are likely to go out and the fix will set us up fot the >next disaster.

    I agree, Gordon. This part in particular points out the issue, and
    the lack of an easy answer:
    "Their sole legal duty is to make a profit for their shareholders, by
    gouging as much money as they can from their customers. If Jones
    doesn't like that, and wants an electricity system that works for us,
    rather than being a price-gouging cartel, he knows the answer:
    re-nationalise it, and take back what National stole."

    While it is easy to say "re-nationalise," in practice if you want to
    retain any confidence that as a country we are trustworthy, that needs
    be done by compensating the current shareholders at least the current
    market value, and the value of a near monopoly is of course higher
    than in a competitive market. The other way is to first require a
    Telecom type split - probably of generation from distribution to make
    the problem slightly smaller, but also to introduce a competitor -
    which realistically would be the government itself. Unfortunately at
    present our government has other priorities (tax reductions for
    property owners, helping set up Charter Schools, and of course "More
    Roads!") The next government will have priorities of rescuing a
    public health system, rescuing education, restoring a rail connection
    from the Nth to Sth Islands, finding money to pay international
    obligations under Climate Change agreements, and fixing near bankrupt
    local authorities and restoring clean reliable water supplies.

    --- SoupGate-Win32 v1.05
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  • From Tony@21:1/5 to Rich80105@hotmail.com on Fri Aug 9 04:19:11 2024
    Rich80105 <Rich80105@hotmail.com> wrote:
    On 8 Aug 2024 23:28:27 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    On 2024-08-08, Rich80105 <Rich80105@hotmail.com> wrote:
    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html

    This will be one of many articles explaining why the other sides actions >>have caused all this and they have not done anything to cause the present >>situation.

    Meanwhile the lights are likely to go out and the fix will set us up fot the >>next disaster.

    I agree, Gordon. This part in particular points out the issue, and
    the lack of an easy answer:
    "Their sole legal duty is to make a profit for their shareholders, by
    gouging as much money as they can from their customers.
    That is not how commerce works. If it was many companies would fail.
    If Jones
    doesn't like that, and wants an electricity system that works for us,
    rather than being a price-gouging cartel
    Which it is not!
    , he knows the answer:
    re-nationalise it, and take back what National stole."
    Nobody stole anything.

    While it is easy to say "re-nationalise," in practice if you want to
    retain any confidence that as a country we are trustworthy, that needs
    be done by compensating the current shareholders at least the current
    market value, and the value of a near monopoly is of course higher
    than in a competitive market. The other way is to first require a
    Telecom type split - probably of generation from distribution to make
    the problem slightly smaller, but also to introduce a competitor -
    which realistically would be the government itself. Unfortunately at
    present our government has other priorities (tax reductions for
    property owners, helping set up Charter Schools, and of course "More
    Roads!") The next government will have priorities of rescuing a
    public health system, rescuing education, restoring a rail connection
    from the Nth to Sth Islands, finding money to pay international
    obligations under Climate Change agreements, and fixing near bankrupt
    local authorities and restoring clean reliable water supplies.
    All of which are a direct result of the mismanagement of this country by the last government more than anything that this government has done. Wow, you are getting desperate.

    --- SoupGate-Win32 v1.05
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  • From Rich80105@21:1/5 to lizandtony@orcon.net.nz on Fri Aug 9 17:10:59 2024
    On Fri, 9 Aug 2024 04:19:11 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On 8 Aug 2024 23:28:27 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    On 2024-08-08, Rich80105 <Rich80105@hotmail.com> wrote:
    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html

    This will be one of many articles explaining why the other sides actions >>>have caused all this and they have not done anything to cause the present >>>situation.

    Meanwhile the lights are likely to go out and the fix will set us up fot the >>>next disaster.

    I agree, Gordon. This part in particular points out the issue, and
    the lack of an easy answer:
    "Their sole legal duty is to make a profit for their shareholders, by >>gouging as much money as they can from their customers.
    That is not how commerce works. If it was many companies would fail.
    So which of the oligopoly companies is looking to fail, Tony?

    If Jones
    doesn't like that, and wants an electricity system that works for us, >>rather than being a price-gouging cartel
    Which it is not!
    Argue with the author - I merely quoted the article. Cartel or
    oligopoly - which description is more accurate, Tony?


    , he knows the answer:
    re-nationalise it, and take back what National stole."
    Nobody stole anything.
    One National Government sold off Contact, a later National Government
    sold half of the rest of the companies, creating through legislation a
    group of shareholders who have made well above average returns year
    after year, at the expense of the vast majority of the population, who
    received no compensation for a considerably higher cost of electricity
    - sounds like stealing, looks like stealing - certainly it was very
    far from an open market fair trade . . . . Most of the population lost
    to the private shareholders who were able to raise the money quite
    quickly when the shares were offered - how is doing favours for
    friends at the expense of the rest of the country any different from
    theft? - Legal theft of course, but still value was certainly given to
    some at the expense of the rest . . .


    While it is easy to say "re-nationalise," in practice if you want to
    retain any confidence that as a country we are trustworthy, that needs
    be done by compensating the current shareholders at least the current >>market value, and the value of a near monopoly is of course higher
    than in a competitive market. The other way is to first require a
    Telecom type split - probably of generation from distribution to make
    the problem slightly smaller, but also to introduce a competitor -
    which realistically would be the government itself. Unfortunately at >>present our government has other priorities (tax reductions for
    property owners, helping set up Charter Schools, and of course "More >>Roads!") The next government will have priorities of rescuing a
    public health system, rescuing education, restoring a rail connection
    from the Nth to Sth Islands, finding money to pay international
    obligations under Climate Change agreements, and fixing near bankrupt
    local authorities and restoring clean reliable water supplies.
    All of which are a direct result of the mismanagement of this country by the >last government more than anything that this government has done. Wow, you are >getting desperate.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Crash@21:1/5 to lizandtony@orcon.net.nz on Fri Aug 9 20:09:11 2024
    On Fri, 9 Aug 2024 07:21:24 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Fri, 9 Aug 2024 04:19:11 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On 8 Aug 2024 23:28:27 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    On 2024-08-08, Rich80105 <Rich80105@hotmail.com> wrote:
    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html >>>>>>
    This will be one of many articles explaining why the other sides actions >>>>>have caused all this and they have not done anything to cause the present >>>>>situation.

    Meanwhile the lights are likely to go out and the fix will set us up fot the
    next disaster.

    I agree, Gordon. This part in particular points out the issue, and
    the lack of an easy answer:
    "Their sole legal duty is to make a profit for their shareholders, by >>>>gouging as much money as they can from their customers.
    That is not how commerce works. If it was many companies would fail.
    So which of the oligopoly companies is looking to fail, Tony?
    Probably none because I don't know which ones you are referring to. But in any >event I was referring to businesses in general - but you knew that.
    If Jones
    doesn't like that, and wants an electricity system that works for us, >>>>rather than being a price-gouging cartel
    Which it is not!
    Argue with the author - I merely quoted the article. Cartel or
    oligopoly - which description is more accurate, Tony?
    It is neither, as I said.


    , he knows the answer:
    re-nationalise it, and take back what National stole."
    Nobody stole anything.
    One National Government sold off Contact, a later National Government
    sold half of the rest of the companies, creating through legislation a >>group of shareholders who have made well above average returns year
    after year, at the expense of the vast majority of the population, who >>received no compensation for a considerably higher cost of electricity
    - sounds like stealing, looks like stealing - certainly it was very
    far from an open market fair trade . . . . Most of the population lost
    to the private shareholders who were able to raise the money quite
    quickly when the shares were offered - how is doing favours for
    friends at the expense of the rest of the country any different from
    theft? - Legal theft of course, but still value was certainly given to
    some at the expense of the rest . . .
    That is not what happened - you are lying.

    Quite right Tony. As I pointed out elsewhere in this thread, which
    Rich has chosen to ignore so far as what I have said cannot be
    logically rebutted by anti-government rhetoric.


    While it is easy to say "re-nationalise," in practice if you want to >>>>retain any confidence that as a country we are trustworthy, that needs >>>>be done by compensating the current shareholders at least the current >>>>market value, and the value of a near monopoly is of course higher
    than in a competitive market. The other way is to first require a >>>>Telecom type split - probably of generation from distribution to make >>>>the problem slightly smaller, but also to introduce a competitor - >>>>which realistically would be the government itself. Unfortunately at >>>>present our government has other priorities (tax reductions for >>>>property owners, helping set up Charter Schools, and of course "More >>>>Roads!") The next government will have priorities of rescuing a >>>>public health system, rescuing education, restoring a rail connection >>>>from the Nth to Sth Islands, finding money to pay international >>>>obligations under Climate Change agreements, and fixing near bankrupt >>>>local authorities and restoring clean reliable water supplies.
    All of which are a direct result of the mismanagement of this country by the >>>last government more than anything that this government has done. Wow, you >>>are
    getting desperate.


    --
    Crash McBash

    --- SoupGate-Win32 v1.05
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  • From Tony@21:1/5 to Rich80105@hotmail.com on Fri Aug 9 07:21:24 2024
    Rich80105 <Rich80105@hotmail.com> wrote:
    On Fri, 9 Aug 2024 04:19:11 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On 8 Aug 2024 23:28:27 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    On 2024-08-08, Rich80105 <Rich80105@hotmail.com> wrote:
    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html >>>>>
    This will be one of many articles explaining why the other sides actions >>>>have caused all this and they have not done anything to cause the present >>>>situation.

    Meanwhile the lights are likely to go out and the fix will set us up fot the
    next disaster.

    I agree, Gordon. This part in particular points out the issue, and
    the lack of an easy answer:
    "Their sole legal duty is to make a profit for their shareholders, by >>>gouging as much money as they can from their customers.
    That is not how commerce works. If it was many companies would fail.
    So which of the oligopoly companies is looking to fail, Tony?
    Probably none because I don't know which ones you are referring to. But in any event I was referring to businesses in general - but you knew that.
    If Jones
    doesn't like that, and wants an electricity system that works for us, >>>rather than being a price-gouging cartel
    Which it is not!
    Argue with the author - I merely quoted the article. Cartel or
    oligopoly - which description is more accurate, Tony?
    It is neither, as I said.


    , he knows the answer:
    re-nationalise it, and take back what National stole."
    Nobody stole anything.
    One National Government sold off Contact, a later National Government
    sold half of the rest of the companies, creating through legislation a
    group of shareholders who have made well above average returns year
    after year, at the expense of the vast majority of the population, who >received no compensation for a considerably higher cost of electricity
    - sounds like stealing, looks like stealing - certainly it was very
    far from an open market fair trade . . . . Most of the population lost
    to the private shareholders who were able to raise the money quite
    quickly when the shares were offered - how is doing favours for
    friends at the expense of the rest of the country any different from
    theft? - Legal theft of course, but still value was certainly given to
    some at the expense of the rest . . .
    That is not what happened - you are lying.


    While it is easy to say "re-nationalise," in practice if you want to >>>retain any confidence that as a country we are trustworthy, that needs
    be done by compensating the current shareholders at least the current >>>market value, and the value of a near monopoly is of course higher
    than in a competitive market. The other way is to first require a
    Telecom type split - probably of generation from distribution to make
    the problem slightly smaller, but also to introduce a competitor -
    which realistically would be the government itself. Unfortunately at >>>present our government has other priorities (tax reductions for
    property owners, helping set up Charter Schools, and of course "More >>>Roads!") The next government will have priorities of rescuing a
    public health system, rescuing education, restoring a rail connection >>>from the Nth to Sth Islands, finding money to pay international >>>obligations under Climate Change agreements, and fixing near bankrupt >>>local authorities and restoring clean reliable water supplies.
    All of which are a direct result of the mismanagement of this country by the >>last government more than anything that this government has done. Wow, you >>are
    getting desperate.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Crash on Fri Aug 9 21:09:00 2024
    Crash <nogood@dontbother.invalid> wrote:
    On Fri, 9 Aug 2024 07:21:24 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Fri, 9 Aug 2024 04:19:11 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On 8 Aug 2024 23:28:27 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    On 2024-08-08, Rich80105 <Rich80105@hotmail.com> wrote:
    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html >>>>>>>
    This will be one of many articles explaining why the other sides actions >>>>>>have caused all this and they have not done anything to cause the present >>>>>>situation.

    Meanwhile the lights are likely to go out and the fix will set us up fot >>>>>>the
    next disaster.

    I agree, Gordon. This part in particular points out the issue, and >>>>>the lack of an easy answer:
    "Their sole legal duty is to make a profit for their shareholders, by >>>>>gouging as much money as they can from their customers.
    That is not how commerce works. If it was many companies would fail.
    So which of the oligopoly companies is looking to fail, Tony?
    Probably none because I don't know which ones you are referring to. But in >>any
    event I was referring to businesses in general - but you knew that.
    If Jones
    doesn't like that, and wants an electricity system that works for us, >>>>>rather than being a price-gouging cartel
    Which it is not!
    Argue with the author - I merely quoted the article. Cartel or
    oligopoly - which description is more accurate, Tony?
    It is neither, as I said.


    , he knows the answer:
    re-nationalise it, and take back what National stole."
    Nobody stole anything.
    One National Government sold off Contact, a later National Government >>>sold half of the rest of the companies, creating through legislation a >>>group of shareholders who have made well above average returns year
    after year, at the expense of the vast majority of the population, who >>>received no compensation for a considerably higher cost of electricity
    - sounds like stealing, looks like stealing - certainly it was very
    far from an open market fair trade . . . . Most of the population lost
    to the private shareholders who were able to raise the money quite >>>quickly when the shares were offered - how is doing favours for
    friends at the expense of the rest of the country any different from >>>theft? - Legal theft of course, but still value was certainly given to >>>some at the expense of the rest . . .
    That is not what happened - you are lying.

    Quite right Tony. As I pointed out elsewhere in this thread, which
    Rich has chosen to ignore so far as what I have said cannot be
    logically rebutted by anti-government rhetoric.
    Logic is not something that Rich permits to influence his thoughts or actions. >>>

    While it is easy to say "re-nationalise," in practice if you want to >>>>>retain any confidence that as a country we are trustworthy, that needs >>>>>be done by compensating the current shareholders at least the current >>>>>market value, and the value of a near monopoly is of course higher >>>>>than in a competitive market. The other way is to first require a >>>>>Telecom type split - probably of generation from distribution to make >>>>>the problem slightly smaller, but also to introduce a competitor - >>>>>which realistically would be the government itself. Unfortunately at >>>>>present our government has other priorities (tax reductions for >>>>>property owners, helping set up Charter Schools, and of course "More >>>>>Roads!") The next government will have priorities of rescuing a >>>>>public health system, rescuing education, restoring a rail connection >>>>>from the Nth to Sth Islands, finding money to pay international >>>>>obligations under Climate Change agreements, and fixing near bankrupt >>>>>local authorities and restoring clean reliable water supplies.
    All of which are a direct result of the mismanagement of this country by >>>>the
    last government more than anything that this government has done. Wow, you >>>>are
    getting desperate.


    --
    Crash McBash

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  • From Mutley@21:1/5 to Rich80105@hotmail.com on Tue Aug 13 09:30:54 2024
    Rich80105 <Rich80105@hotmail.com> wrote:

    Pertinent comment here:

    https://norightturn.blogspot.com/2024/08/reaping-what-they-sowed.html

    I'd expect that from an extreme left website / blog.

    How many Labour governments have there been in NZ since these power
    reforms were put in place and how often did they do something about
    it?? Nothing just sat back and relieved the nice dividends .

    --- SoupGate-Win32 v1.05
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