Tuesday, February 11, 2014

Of electricity and apples

On another grim note I see the Greens have concluded that people are simply “paying too much” for electricity. This conclusion apparently arises since:

- Demand is dropping

- Clearly no investor is making a fortune out of the sector

- Inflation is running at 1%

- Power prices are rocketing along at 3% or so

- Even the absence of competition can’t account for it

- And NZ has the highest switching rate in the world

Obvious conclusion apparently is, “simply paying too much”.   How could this be? Moreover how will a totally centralised supply commissariat stop these errant fools paying “too much”.

I believe God may have told Adam he “paid too much for it” as well… mind you the Apple and Pear Board never believed him.

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