Market madness
Power corrupts, but wholesale power is insidious on a whole other level.
Electricity prices are embarking on a rampage that euphemising politicians will doubtless try to characterise as “fluctuation”. They’ll mostly be fluctuating upwards.
Stand by for a new political catch-phrase: power poverty.
It’s as though the forces of nature have combined with the man-made perversities of the market to blow a mighty raspberry at the Government, Commerce Commission, Climate Change Commission, Electricity Authority and every other entity trying to bridle and rationalise our energy sector.
We’ve had a dry La Niña weather system and a storage shortage in our hydro lakes, which alone would
