Households might win from major electricity sector reform, but there would be powerful and noisy losers. The sums involved will be large, and the politics difficult.
- Visiting Scholar, School of History, Philosophy, Political Science and International Relations, Te Herenga Waka — Victoria University of Wellington
Despite interest rates coming down, New Zealand’s economy is being pushed further into recession by government austerity measures. Basic macro-economic analysis shows why.
Energy Minister Simeon Brown wants to explore importing gas to prop up electricity generation – but subsidising the expansion of rooftop solar would be quicker, cheaper and more popular.
There are many possible outcomes from the closure of the smelter – just don’t expect lower electricity prices to be one of them.
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