This is edition 2024/128 of the Ten@10 newsletter.
Welcome to the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.
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Enjoy!
1. Brownmail and greenmail power play?
Ele Ludemann
- 💡 Labour's prioritization of green initiatives over practical considerations has driven up power prices.
- 💼 High energy costs are forcing businesses like Pan Pacific Forest Products to shut down operations, risking jobs.
- 🏭 More closures are expected as wholesale power prices soar to $860 per MWh from $194.49 MWh in June.
- 🌿 Uncertainty around Labour's energy projects and oil/gas exploration bans contributes to supply-demand imbalance.
- 💰 Power companies' payments to iwi and other entities under the RMA could be inflating power prices.
- 🎣 Organizations like Central South Island Fish and Game benefit financially from power companies, impacting consumers.
