https://www.rnz.co.nz/news/national/527590/hundreds-of-jobs-lost-as-winstone-shuts-mills

So New Zealand is able to arrange low electricity prices for the
smelter, but not for our critical timber industry.

More important to the government are the dividends they get from their
holding in the generator companies, in a system set up by a past
National Government to maximise profit . . .

Now we are seeing the "success" of those policies.

The government is pretending that they will bring electricity costs
down by encouraging drilling for oil and gas offshore - they are
dreaming.

For a summary of some out of touch ranting see:

https://www.rnz.co.nz/news/political/525747/ridiculously-high-power-prices-threatening-manufacturers-shane-jones

The reality is that by design the energy companies are required to
maximise returns to shareholders.

The local MP, Louise Upston will undoubtedly express dismay but
ultimately, there is no will from either National or ACT to do
anything - after all this may help bring house prices up - what more
could the government MP's want!

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Tue, 10 Sep 2024 17:44:52 +1200, Rich80105 <Rich80105@hotmail.com>
wrote:

https://www.rnz.co.nz/news/national/527590/hundreds-of-jobs-lost-as-winstone-shuts-mills

So New Zealand is able to arrange low electricity prices for the
smelter, but not for our critical timber industry.

So your claim that the Government is hamstrung in respect of the
'gentailers' with minority private ownership in controlling
electricity prices is rubbish then Rich? You cant have it both ways,
either the Government as majority owner can direct said gentailers to
lower electricity pricing or it cannot.

More important to the government are the dividends they get from their >holding in the generator companies, in a system set up by a past
National Government to maximise profit . . .

But said National Government lost the next election so never got the
benefit. The Labour Governments with Helen Clark as PM did get the
benefit and changed nothing, despite the gentailers being 100% SOEs.

Now we are seeing the "success" of those policies.

As did Helen Clark. Just saying ...

The government is pretending that they will bring electricity costs
down by encouraging drilling for oil and gas offshore - they are
dreaming.

For a summary of some out of touch ranting see:

https://www.rnz.co.nz/news/political/525747/ridiculously-high-power-prices-threatening-manufacturers-shane-jones

The reality is that by design the energy companies are required to
maximise returns to shareholders.

The local MP, Louise Upston will undoubtedly express dismay but
ultimately, there is no will from either National or ACT to do
anything - after all this may help bring house prices up - what more
could the government MP's want!

--
Crash McBash

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Tue, 10 Sep 2024 17:44:52 +1200, Rich80105 wrote:

So New Zealand is able to arrange low electricity prices for the
smelter ...

Rio Tinto has been holding the threat of closure of Tiwai Point over the
the heads of NZers like the Sword of Damocles for years.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Tue, 10 Sep 2024 20:12:10 +1200, Crash <nogood@dontbother.invalid>
wrote:

On Tue, 10 Sep 2024 17:44:52 +1200, Rich80105 <Rich80105@hotmail.com>
wrote:

https://www.rnz.co.nz/news/national/527590/hundreds-of-jobs-lost-as-winstone-shuts-mills

So New Zealand is able to arrange low electricity prices for the
smelter, but not for our critical timber industry.

So your claim that the Government is hamstrung in respect of the
'gentailers' with minority private ownership in controlling
electricity prices is rubbish then Rich? You cant have it both ways,
either the Government as majority owner can direct said gentailers to
lower electricity pricing or it cannot.

More important to the government are the dividends they get from their >>holding in the generator companies, in a system set up by a past
National Government to maximise profit . . .

But said National Government lost the next election so never got the
benefit. The Labour Governments with Helen Clark as PM did get the
benefit and changed nothing, despite the gentailers being 100% SOEs.

Now we are seeing the "success" of those policies.

As did Helen Clark. Just saying ...

Indeed it has provided money to government for all that period, but it
is now being seen as an unacceptable distortion of the market for
electricity - it is typical of the government that set it up that the ''beneficiaries'' of that partial sell off of state owned assets has
resulted in the enrichment of a few at the expense of most New
Zealanders - and what is worse is that the current government appear
to be looking for more opportunities to further enrich "investors'' at
the expense of ordinary New Zealanders.

The government is pretending that they will bring electricity costs
down by encouraging drilling for oil and gas offshore - they are
dreaming.

For a summary of some out of touch ranting see:

https://www.rnz.co.nz/news/political/525747/ridiculously-high-power-prices-threatening-manufacturers-shane-jones

The reality is that by design the energy companies are required to
maximise returns to shareholders.

The local MP, Louise Upston will undoubtedly express dismay but
ultimately, there is no will from either National or ACT to do
anything - after all this may help bring house prices up - what more
could the government MP's want!

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

Rich80105 <Rich80105@hotmail.com> wrote:

On Tue, 10 Sep 2024 20:12:10 +1200, Crash <nogood@dontbother.invalid>
wrote:

On Tue, 10 Sep 2024 17:44:52 +1200, Rich80105 <Rich80105@hotmail.com> >>wrote:

https://www.rnz.co.nz/news/national/527590/hundreds-of-jobs-lost-as-winstone-shuts-mills

So New Zealand is able to arrange low electricity prices for the
smelter, but not for our critical timber industry.

So your claim that the Government is hamstrung in respect of the >>'gentailers' with minority private ownership in controlling
electricity prices is rubbish then Rich? You cant have it both ways, >>either the Government as majority owner can direct said gentailers to
lower electricity pricing or it cannot.

More important to the government are the dividends they get from their >>>holding in the generator companies, in a system set up by a past
National Government to maximise profit . . .

But said National Government lost the next election so never got the >>benefit. The Labour Governments with Helen Clark as PM did get the
benefit and changed nothing, despite the gentailers being 100% SOEs.

Now we are seeing the "success" of those policies.

As did Helen Clark. Just saying ...

Indeed it has provided money to government for all that period, but it
is now being seen as an unacceptable distortion of the market for
electricity - it is typical of the government that set it up that the >''beneficiaries'' of that partial sell off of state owned assets has
resulted in the enrichment of a few at the expense of most New
Zealanders - and what is worse is that the current government appear
to be looking for more opportunities to further enrich "investors'' at
the expense of ordinary New Zealanders.

You have provided not one tiny bit of evidence to suipport those accusations. Just political dogma and lies.

The government is pretending that they will bring electricity costs
down by encouraging drilling for oil and gas offshore - they are >>>dreaming.

For a summary of some out of touch ranting see:

https://www.rnz.co.nz/news/political/525747/ridiculously-high-power-prices-threatening-manufacturers-shane-jones

The reality is that by design the energy companies are required to >>>maximise returns to shareholders.

The local MP, Louise Upston will undoubtedly express dismay but >>>ultimately, there is no will from either National or ACT to do
anything - after all this may help bring house prices up - what more >>>could the government MP's want!

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 2024-09-10, Lawrence D'Oliveiro <ldo@nz.invalid> wrote:

On Tue, 10 Sep 2024 17:44:52 +1200, Rich80105 wrote:

So New Zealand is able to arrange low electricity prices for the
smelter ...

Rio Tinto has been holding the threat of closure of Tiwai Point over the
the heads of NZers like the Sword of Damocles for years.

Pity the that EV revolution has not taken off and created a demand for that power.

Oh yes we also need the odd few billion for network improvements to get the power up North.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)