This Bill is not the first, and will almost certainly not be the last, piece of legislation that seeks to tinker with the NZ electricity sector.
The generation and transmission, distribution and retailing of electricity has become one of the jabberwockies of the NZ economy.
- The policy developments over the past 20 years reflect deeply held, if dimly perceived, points of economic ideology.
- Their structural implications have made for labyrinthine institutional relationships between entities that pretend to compete and cooperate at one and the same time, since the market signals conveyed by the sedimentary layers of legislation remain unclear on whether they are to compete or cooperate with one another.
- Their retail pricing has become a political perennial in this country, ranking as one of the most sensitive electoral issues each time round.
- Their structural implications have made for labyrinthine institutional relationships between entities that pretend to compete and cooperate at one and the same time, since the market signals conveyed by the sedimentary layers of legislation remain unclear on whether they are to compete or cooperate with one another.
- Their retail pricing has become a political perennial in this country, ranking as one of the most sensitive electoral issues each time round.
