The free market electricity sector isn’t working

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The free market electricity sector isn’t working

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7 COMMENTS

  1. Is that a spelling mistake (Enery) in the graph’s source or the correct title of the publication?

  2. You state that the free market electricity sector is not working, yet we in New Zealand don’t have a free market electricity sector, as the free market is one unhindered by external control, government or monopolies. All the power companies in NZ are owned by the government so what we have is a controlled market, so your title should read “Socialism in NZ is not working”

    • @ Stephen – really?

      You conveniently forget Contact Energy and Trust power. Privately owned. And Copntact is usyally more expensive than State providers.

      What you’re really suggesting is that, according to you, we haven’t attained Neo Liberal Nirvana by privatising the entire electicity sector – thereby preventing cheaper electricity.

      So, to get cheaper power, we have to go All Out; privatise it all and place our faith in the “market” to deliver.

      Have I got it right?

      Well, you’ll excuse me if, going by petrol retailers, I don’t share your blind faith in free market economics. Prices may dip – but their constant trajectory is always UPWARD.

      Ditto for housing prices.

      • So have you been living under a rock for the last month? Petrol prices have recently come down, the only reason why petrol is so expensive is the amount of tax that is paid on it. I have faith in the free market which is why computers, cellphones etc are cheaper than they have ever been. Do you think a socialist country could ever produce Apple or Microsoft? House prices are expensive depending on the area you live in, if you want a cheap house don’t live in Auckland live in Bluff. The reason why house house prices are so expensive in Auckland is because local Government has been reluctant to free up land plus the expensive consent process required to build. Face it, every time you socialists meddle in the market you end up stuffing it up.

      • He does make a good point that the industry has been largely State owned and quite heavily regulated for the past 15 years. It is hardly evidence of free market capitalism gone wild.

        What I would like to know is why doesn’t Labour and the Greens direct the SOE energy companies to be more aggressively competitive rather than screw with the system in place.

  3. How can you infer from this graph that the privatization of our electricity sector has led to higher prices? By the same assumption that this propaganda is based on the fact that US and Japan are at the bottom almost makes the point that free markets are working better?

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