Latest / The Kākā by Bernard Hickey
An electricity crisis after a lost decade
Mōrena. Long stories short; here’s my top six things to note in Aotearoa’s political economy around housing, climate and poverty on Wednesday, August 21:
* Winstone announced yesterday it would close its pulp mill and sawmill near Ohakune permanently because wholesale electricity prices tripled since July 1, costing 230 jobs and escalating a nationwide manufacturing and exporting crisis.
* New profit margin data published by the Electricity Authority shows the gentailers (including the big four of Contact, Genesis, Meridian and Mercury) made a combined $512.4 million in profits in the six…
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