Saturday, September 14, 2013

Tweet of the Day - 14 September 2013

Duncan Garner reflects on Grey Power's announcement that it has secured discounts for its members with a power provider; check this out:



Pulse Energy describes itself thus on its website (the emphasis is ours):


About Us
Pulse is majority New Zealand owned, independent electricity retailer, servicing over 34,000 customers throughout New Zealand. Being independent enables us to purchase the best priced generation on the market and pass the benefits on to our customers.
Pulse promises refreshing, straight forward, peace of mind electricity supply to all our customers. If you’re looking for an electricity retailer doing all it can to bring the lowest possible prices for power to consumers’ homes and businesses – keep reading and sign up.
At Pulse we believe in transparency and that includes being honest and open about our pricing and offering product choices tailored to meet all customers’ requirements. For example, at Pulse we don’t increase our prices so that we can give a prompt payment discount. We prefer to offer the best price we can from the start.
Pulse Energy’s smart metering offers are being developed and will use the latest smart meter technology in the market. Smart meters enable customers to monitor their electricity usage and take advantage of discounted off-peak rates. The appeal of smart metering is that users can save up to 15% off Pulse Energy's standard variable rate by altering when electrical appliances are used in homes and businesses.
Pulse Utilities New Zealand Limited, the parent company of Pulse Energy, was listed on the New Zealand Stock Exchange – on the NZAX Board in November 2007. In 2011 Buller Electricity Limited became the majority shareholder.
Pulse has gone from strength to strength winning the Deloitte fast 50 in 2012 as the fastest growing company and is now an established player in the New Zealand electricity retail market making a real difference for consumers.

Wasn't it Grey Power in whose name the LabourGreen asset sales petition went in under? Yet Grey Power has gone off and done a deal with an "majority New Zealand owned, independent electricity retailer". Does this not prove that private businesses are much better to do deals with than those owned by the Crown?

We wonder if Grey Power yet realises the wider implications of the deal it has secured on behalf of its members (and its a very good deal!). And we wonder if Labour and the Greens realise that their patsy petition sponsor has sold them down the river by doing a deal with the enemy.

As we said in our reply to Duncan Garner, this whole situation is dripping with irony. Grey Power claims to be apolitical; is the organisation now regretting jumping into bed with David and Russel? 

7 comments:

Edward the Confessor said...

"Does this not prove that private businesses are much better to do deals with than those owned by the Crown?"

Um no. If that were true all the SoE's would be broke. You don't do economics do you? Doesn't take much to put you out of your depth.

homepaddock said...

Irony yes, but also hypocrisy.

Ray Krebbs said...

"Does this not prove that private businesses are much better to do deals with than those owned by the Crown?"
A perfectly reasonable observation and not one that would indicate that KS is out of his depth at all.
Unlike a persistent and irritating troll that is so insecure that he is afraid to even get in the pool!

Nookin said...

Hey Edward. Have you tried Anasol. I'm told it's really effective and once they calm down you might even rid yourself of that chronically sour disposition.

Armchair Critic said...

The major shareholder is a co-op, rather than one of the Atlas types that are often worshipped here.

Edward the Confessor said...

"A perfectly reasonable observation and not one that would indicate that KS is out of his depth at all."

It was a dopey thing to say, and I pointed out why. Not as dopey as your attempt to defend it Ray, but dopey nonetheless.

Anonymous said...

What everyone fails to realise is; if this large block of consumers get cheaper power then other consumers will have to pay more. Good for their children and grandchildren. A bit like the gold card subsidies, where the rest of the population subsidises the over 65s, try living in a retirement city like Tauranga, where every retailer has to offer a 10% gold card subsidy or they would go out of business, but make no mistake when the smug gold card user has left someone pays.