Is this from the same David Parker?

David Parker was front and centre yesterday launching the Labour/Green economic assault on power generation.

“National is hurling all sorts of inaccurate insults at the NZ Power policy and muddying the waters. Their scaremongering shows they’re worried that hard-working New Zealanders who are sick of paying through the nose for electricity will embrace our new policy.

“Labour’s policy is quite clear. It will reduce power prices through two means.

“First, the single buyer NZ Power will buy electricity from generators on behalf of all New Zealanders at a fair price, based on their actual production costs and return on capital. It will not allow the companies the super profits from older hydro generation they get currently.

“Second, NZ Power will sell that wholesale power to retailers. As generators will be structurally separated from their retail business there will a level playing field and barriers to entry will be lowered. This will increase retail competition and lead to lower prices.

He was the go to man for comments yesterday, but I wonder of it is the same David Parker who, in a report to cabinet in 2006  said this:

“a single buyer would likely result in higher capital and operating costs”. He went on to say that: “The risks involved in changing arrangements could be significant. The resulting uncertainty could lead to investment proposals being put on hold. Direct implementation costs could be large.” And, he admitted that “The single buyer would be relatively poor at sustaining pressure on operational costs.” 

David Farrar points out that Labour is simply doing this for shameless politicking…at the expense of Kiwisavers and voters:

The Labour Party’s regional development spokesman Shane Jones told BusinessDesk he had taken some convincing to abandon the market model which Labour presided over during its nine years in power from 1999.

But he was convinced lower-priced electricity would create jobs in energy-intensive regional activities such as the timber industry.

The Labour-Green policy would deliver an “equity dividend” for New Zealand households and businesses by removing some of the profits currently made by power companies.

“Not only asset owners need dividends,” said Jones. “Politicians need dividends as well.”

To win the 2014 election, Labour needed to move about 5 to 7 percent of the voting public to favour it.

He suggested energy analysts’ capacity to “make 5 to 7 percent of the public hate us (because of this policy) is zero. Our capacity to impress that percentage (with this policy) is infinite.”

So Shane Jones wasn’t convinced of the economic merits of their wanton vandalism, but is convinced on the basis that they think they can trick 5-7% of the voting public into thinking they will get cheaper power? At least we now know Labour desperate, and prepared to lie to get into power.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.