INDEPENDENT NEWS

Underlying Electricity Problems Not Addressed

Published: Tue 31 Jul 2001 02:01 PM
Underlying Electricity Problems Still Not Addressed
Today's high-level electricity meeting presented no evidence that the power crisis is lessening, and the core issues have not yet been addressed, says Business New Zealand Chief Executive Simon Carlaw.
"Moves to access an extra 2% power from Taranaki, an agreement with Comalco to free up power at short notice and more incentives for saving power are all useful, but these address the symptoms rather than the underlying problems with the market," Mr Carlaw said.
"Price signals are not penetrating to all consumers. Pricing decisions can't be said to be transparent if prices can quadruple within a half-hour period - capacity doesn't change that quickly. And questions remain over the dominance of state-owned generators.
"We don't want price controls, but we do want a better-functioning electricity market so that small businesses aren't sent to the wall next time there's a dry winter. Hopefully next Monday's meeting will tackle this."
Ends

Next in Business, Science, and Tech

Damning report warns environment in serious trouble
By: RNZ
PGF backing growth in Gore
By: New Zealand Government
Cigarette price rise offsets cheaper petrol
By: Statistics New Zealand
MBIE reinstates Fuji Xerox as a government supplier
By: BusinessDesk
Nine top environmental issues facing New Zealand
By: Statistics New Zealand
The state of Aotearoa's environment - Expert Reaction
By: Science Media Centre
Environment report reinforces need for Government’s plan
By: New Zealand Government
Proposed ETC improvements attract support
By: New Zealand Government
State of Environment report highlights need for better data
By: Minter Ellison Rudd Watts
State of Environment report reveals NZ’s dirtiest industry
By: Greenpeace New Zealand
Environment Report highlights seafood industry's improvement
By: Seafood New Zealand
Seafood sustainability improves
By: Deepwater Group
Action must follow damning environment report
By: Forest And Bird
National environmental snapshot sobering reading
By: Hawkes Bay Regional Council
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media