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Confirmation the electricity market is broken
#19
Agree absolutely. I was infuriated by Simeon's ignorance and purposeful refusal to acknowledge any solution other than to increase thermal generation. This government is going all out to maximise their financial returns from all manner of public services and utilities and in doing so screwing over the citizens of NZ whose taxes have built and who have had input into those assets.

Our hydro generation network is world leading but rather than optimise our usage of it by way of its energy storage capacity to buffer more intermittent renewable generation methods he is devaluing it by abusive management strategies incentivised by faulty economic regulation. The opening part of the interview was very telling as to who is in control of NZ's electricity supply sector and therefore who is flatly to blame for the current crisis. The conflict of interest from the incumbent big generators who by Simeon's comments were able to scuttle a long term solution in the form of Lake Onslow is inarguable. Those same forces are now being allowed to keep their boot on the throat of widespread rooftop solar implementation in order to protect their current cosy market position.

The only optimism I have in regard to this situation is that it will ensure the prompt failure of this government, in combination with their health, education, Treaty, social support and other misguided policies. I just hope the country is in a redeemable state once this lot are consigned to the history books.


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RE: Confirmation the electricity market is broken - by harm_less - 25-08-2024, 05:54 PM

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