I don't agree with Bryan Leyland about climate change, but this story in the Sunday Star Times (June 8th) suggests we share a common view of New Zealand's electricity market. He says Kiwis have paid $7 billion too much for power since the electricity reforms were introduced. His summary below is almost word for word akin to my own thoughts on the matter:
"Among the failures of the present market is the absence of any incentive to build spare capacity. That's why we're where we are today."
It can only be true or there would be no problem after the close brush with power outages in 1992.
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