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  • Originally posted by flyernzl View Post
    Then of course, by producing substantial profits they pass a significant part of those profits back to the Government coffers by way of tax. Behind it all the Government itself still owns most of the actual generation infrastructure.
    Don't forget that - in addition to the tax lolly - there are those wonderful windfalls called dividends paid to governments by assorted parts of the electricity business, as well!

    Collectively, a giant fraud on taxpayers; a broken disaster initiated by Tax Bradford.

    Treasury Report

    The graph shows that, following large ordinary and special dividends in 2009/10, Mighty River Power’s ordinary dividends to the Crown since 2010/11 have been broadly consistent, at between $90 million and $120 million a year, with two special dividends paid on top of this in the last two years.



    The graph shows the same story as for Mighty River Power, and the reason is the same - Genesis Energy increased its dividends significantly, although this happened just before the Crown sold some of its shares, while Genesis Energy was preparing itself for being a listed company.




    The graph below shows total dividends paid by Meridian Energy to all shareholders (not just the Crown) again with ordinary dividends in blue and special dividends in red.

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    • Originally posted by flyernzl View Post
      Contrary to the often stated and firmly held myth, when you insulate a cold house you then actually have a cold insulated house.
      All political commentary aside, when and who is going to report these stark realities to the do-gooders in our society? Why could not these brain dead numpties see - in advance - your inescapable postulate?

      Maybe it was just so that the do-gooders could feel good? Knowing all along that the tenants would not.
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      • It's a frustrating situation.

        Yes all energy companies have been used to provide indirect taxes to both governments for some years now. Max Bradford may have kicked it off, but Labour kept it going.

        When it comes to easy cash, no one turns the tap off.

        But the wider problem is down to globalisation and technology. Both of which have seen wages in NZ stagnate over the last 30 years. These tenants will not be tech workers or lucrative business owners. They will be working people (almost certainly both in the couple) who are struggling to earn enough to pay the bills.

        And until we have more high paying jobs and/or some sort of universal basic income, stories like this will just get worse and worse.
        Squadly dinky do!

        Comment


        • Cause Surgery Needed - Not Symptom Sticking Plaster Patches

          Very true, David. But they are symptoms. As are so many of the media beat-up items of today. As someone so eloquently said: we do not have a housing supply shortage - we have an immigration supply surplus.

          Just like your post's plaint about insulation vs heating (or costs thereof), symptom-chasing is the norm, these days.

          No one - least of all the W'gton woodenheads - wants to even contemplate causes, much less deal with them.
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          • I see that they're starting to talk about the importance of airing out a home on those annoying energywise ads.

            It's a small start, but at least someone, somewhere, is starting to see the light of day.
            My blog. From personal experience.
            http://statehousinginnz.wordpress.com/

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            • Originally posted by flyernzl View Post
              So why has this utopian dream failed so dismally? When in doubt, ask the tenants, so I did. “Oh, we can’t afford to run the heatpump, it costs too much” they replied. So there you have it. Contrary to the often stated and firmly held myth, when you insulate a cold house you then actually have a cold insulated house. Think of a Thermos flask, it will keep cold drinks cold just as efficiently as it will keep hot drinks hot. To retain the heat inside the insulation you first of all must create it. No heat supplied means no heat retained.
              What did your tenants use for heat before these renovations?

              How much has the average power per unit, gone up over the last 5 years? About 33%, 18c to 28c per kw/hr roughly? A 5kw heatpump running for 10 hours a day, that's an increase of $35/wk over 5 years. How much has Auckland rent in the area increased in those 5 years? And cigarettes, booze, milk, insurance, fuel, etc.

              Is it the tenants "choice" to freeze? Are they choosing to spend that extra $35/wk on something else?

              What was the rent difference five years ago? Is that where their heating money (holiday, smokes, fun and all other luxuries money) has gone?
              Last edited by Learning; 02-07-2017, 10:48 PM.

              Comment


              • Can't Fix Stupid

                Originally posted by flyernzl View Post
                Contrary to the often stated and firmly held myth, when you insulate a cold house you then actually have a cold insulated house.
                And here it is in all its mythical glory:
                3 July 2017
                Originally posted by Stuff
                "On the face of it, the new legislation's great, and we're all going to live in warmer, dryer homes before long. But when you look into it a bit more closely, the rules actually state that insulation only needs to be put in place, 'where it is reasonably practicable to install.' That's a loophole that's going to leave thousands of people still living in unhealthy, uninsulated homes," the tenant said.
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                • We all get it that the insulation law only addresses one part of a larger problem but rather than complaining how crappy it is be thankful the bureaucrats haven't passed a law trying to fix the whole thing at once and effectively putting all private LLs out of business.

                  How happy will we all be if the next law is, as well as insulation and smoke alarms, all rentals must have efficient heating and ventilation which is affordable to run by low/no income tenants.

                  We'll all have to provide solar power or free firewood with every rental property.

                  Of course to make these homes affordable for tenants they'll have to cap rents as well. No point having "warmer, dryer, healthier" homes if no one can afford to live in them.
                  Last edited by Learning; 04-07-2017, 06:24 PM.

                  Comment


                  • just pass a law against death

                    sue any property owner where someone dies

                    eventually all the houses and hospitals will be shuttered

                    we'll all live outside

                    dying like flies

                    while security guards are paid to keep everyone out of the remaining gov. buildings

                    ...

                    locally is a good, solid 60s apartment in a 5floor block made of breezeblocks in a geat location

                    basically impossible to insulate as 4 sides of each 'box' are concrete

                    the ends, drafty windows

                    changing all the 50 year old windows to alloy/vinyl double-glazing would cost many millions, (half of that in scaffolding) and be somewhat pointless as the walls, floors + ceilings aren't insulated

                    completely gutting the building to add insulation on the floors and under the ceilings would probably leave you without minimum required headspace

                    knocking the whole building down and rebuilding to current "best practices" would displace 100? people for 3? years and replace somewhat affordable housing renting for $370pw - selling for $350k with extremely unaffordable housing renting for $700pw because they cost $700k each

                    the reason we are supposed to think with our heads

                    and not with our hearts

                    is our hearts are crap at thinking things through!
                    Last edited by eri; 04-07-2017, 07:03 PM.
                    have you defeated them?
                    your demons

                    Comment


                    • Brothers Grim?

                      More on the same . . .
                      Faced with skyrocketing power bills, Kiwis opt not to use heaters - survey
                      10 July 2017
                      Originally posted by Stuff
                      More than a third of Kiwis are not using heaters in their homes this winter in a bid to save money. The latest State of the Home Survey for the Auckland University of Technology (AUT) and home ventilation company HRV has painted a grim picture of the state of NZ rental homes in particular. Almost half of the 1040 respondents said cold, damp and condensation inside their home increased the cost of heating it and 40 per cent said they chose not to have the heater on to save money.
                      1) cold inside their home increased the cost of heating - sounds perfectly reasonable.
                      2) damp inside their home increased the cost of heating - sounds dubious.
                      3) condensation inside their home increased the cost of heating - sounds even more dubious.

                      That's aside from the obvious commercial bias of HRV, of course.
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                      • technically correct

                        dry air heats quicker as it has less mass

                        but after that it gets complex quickly because we breathe out water vapour and ideally want 50% humidity

                        many migrants from highly humid countries are used to and so see nothing wrong, living in unhealthy, warm, 100% humidity

                        with water running down the insides of the windows

                        sometimes all day!

                        for them it's a no brainer when it's cheaper, more private and more secure to keep the windows closed all day
                        Last edited by eri; 10-07-2017, 07:26 PM.
                        have you defeated them?
                        your demons

                        Comment


                        • Originally posted by eri View Post
                          technically correct

                          dry air heats quicker as it has less mass
                          Only a part of the story, that.

                          Dry air also chills humans faster because - via the evaporation of surface moisture - the latent heat of vaporisation makes skin feel colder.
                          Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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                          • Originally posted by Perry View Post
                            More on the same . . .
                            Faced with skyrocketing power bills, Kiwis opt not to use heaters - survey
                            10 July 2017

                            1) cold inside their home increased the cost of heating - sounds perfectly reasonable.
                            2) damp inside their home increased the cost of heating - sounds dubious.
                            3) condensation inside their home increased the cost of heating - sounds even more dubious.

                            That's aside from the obvious commercial bias of HRV, of course.
                            Then there's Tenancy Services website (and newsletter) stating 'the landlord must provide a heat source for the lounge and the TT may accept a landlord providing an inexpensive plug in heater' (paraphrased). Ridiculous.
                            Last edited by Rentex; 11-07-2017, 11:58 AM. Reason: Added link.
                            Rentex Limited Property Management - Est. 1988

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                            • What's really ridiculous is that - no matter what sort of heating device is provided in a rental - there is no regulatory requirement that it be used. In that way, such moronic edicts follow on from the requirement that there is to be a window to the outside in toilets, wash houses, showers and bathrooms. But no requirement to open the windows. Doh!

                              The Regulation reference.
                              Originally posted by NZ Legislation Web Site
                              Housing Improvement Regulations 1947
                              6 Every living room shall be fitted with a fireplace and chimney or other approved form of heating.
                              Last edited by Perry; 11-07-2017, 01:02 PM.
                              Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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                              • The question should be "Why has electricity become a luxury item?"
                                The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

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