NZealand shares close lower in thin trade dampened by Auckland power outage
Power restored in Auckland
People's Daily Online, China
Huge power cut in NZ's Auckland
New Zealand's Auckland Has Power Cuts After Storms (Update1)
Storms black out NZ's biggest city
The Age, Melbourne
New Zealand storm gives new meaning to all black
Sydney Morning Herald
Storms black out New Zealand's biggest city
Times of India
Power blackout causes chaos in NZ's capital
Independent Online, South Africa
Storms black out New Zealand's biggest city (Roundup)
Monsters and Critics.com, UK
Storms black out Auckland
Bangkok Post, Thailand
Gale winds cut power to New Zealand's biggest northern city...
San Diego Tribune (AP)
That last story from the American Associated Press is perhaps indicative of all of the international stories on this. It begins: "Gale force winds battering northern New Zealand cut power to the nation's biggest city on Monday..." But that's not true, is it? It wasn't "gale force winds" that blacked out Auckland, was it -- after all, the continental USA knows what "gale force winds" look like, compared to which these were just light breezes. It wasn't high wind, it was sheer bloody incompeteence caused by the politicisation of the power supply.
It happened before, and it won't change until the politicisation of infrastructure changes.
UPDATE: For those who've pointed out that California has had its own power problems, Allow me to point out that California's power industry is not exactly a free market nirvana either, as both George Reisman and Scott Sutton have pointed out. The title of Resiman's article gives teh flavour: 'California Screaming, Under Government Blows.'
And an excellent article in The Free Radical by one Scott Wilson, 'Power for the People?' pointed out that much the same applies to New Zealand's electricity reforms undertaken by Max Backward -- as it's becoming increasingly topical, we might try to get that article back online shortly. It begins:
Now, let’s get something perfectly clear from the off: electricity in New Zealand has NOT been privatised. Got that? Sure, bits of it have been, but a large proportion has been effectively nationalised by stealth. To understand this, one needs to trace the history of electricity reform in the past 15 years...And concludes:
Privatisation? Not here! Sure, where the vast majority of generators were once in either local government or local trust hands around one third of electricity generation is now in private hands - these include Contact and a number of small generators. But the vast bulk of power generation, over 60%, is now in the hands of central government.Does it? What do you think?
And while a majority of local lines companies are council or community trust-owned, the national grid is still owned by the state.
So does it all work?
TAGS: Energy, New_Zealand, Politics-NZ