Labour-Greens ‘nightmare’ power policy is 'bass-ackwards', says Wolak

Fri, 02 Aug 2013

By Pattrick Smellie Aug 2 (BusinessDesk) - The American academic whose work underpins the Labour Party's electricity policy says New Zealand's existing market arrangements are starting to work better and should be improved further. In a wide-ranging interview with BusinessDesk, Professor Frank Wolak of Stanford University described the Labour-Greens NZ Power single buyer policy as "a sham that might make me feel a bit better", but was the wrong weapon to attack "runaway" retail electricity tariffs, which he says are the real problem in curren...

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