MEL - Meridian Energy

[winner69]

Always good to read different points of view to learn and limit one’s biases.

The Folly of Renewable Energy

http://www.rationaloptimist.com/blog...MYxN0.linkedin

[Bjauck]

Majority state owned gentailers have a shareholding limit of ten percent, other than Her Majesty the Queen in right of her Dominion of New Zealand.

So if you are planning to sell into this rising price do so before whoever is buying "open circuit" gets to ten percent.

Boop boop de do
Marilyn

Is NZ still a Dominion? We joined the UN as "New Zealand" and adopted the statute if Westminster in 1947 . The Constitution Act removed any right for the UK to legislate insight of the British Crown over its dominion of New Zealand.

[kyanar]

Is NZ still a Dominion? We joined the UN as "New Zealand" and adopted the statute if Westminster in 1947 . The Constitution Act removed any right for the UK to legislate insight of the British Crown over its dominion of New Zealand.

No. New Zealand is no longer a Dominion, it's a sovereign country, and the head of state is the Queen of New Zealand, not the Queen of England. That she holds the title of Queen of England (and Queen of Canada, Queen of Australia, etc) is irrelevant.

The actual title is "Her Majesty the Queen in Right ofNew Zealand", usually prefixed with "Minister of State Owned Enterprises, on behalf of" or "Minister of Finance, on behalf of".

[Scrunch]

Always good to read different points of view to learn and limit one’s biases.

The Folly of Renewable Energy

http://www.rationaloptimist.com/blog...MYxN0.linkedin

Yes, and also interesting to google one of the key statistics quoted. The folly of Renewable Energy quotes Hydro as supplying 2.5% of the world's energy consumption.

The website link below estimates that in 2019 hydro was 15.63% of the world's energy consumption. It has a country by country breakdown over time. The key data source was information from BP which looks pretty comprehensive.
https://ourworldindata.org/grapher/s...rliest..latest

That's a pretty big gap between different sources, and I'd tend to believe the BP data. It does however make it odd that the Blackrock renewables index has such a high weighting towards CEN and MEL. I can only guess that in many other countries major hydro dam's are government owned and therefore unable to be directly invested in (or are owned by companies that also have coal/oil power plants meaning renewable energy is not the majority of their activity).

[iceman]

Yes, and also interesting to google one of the key statistics quoted. The folly of Renewable Energy quotes Hydro as supplying 2.5% of the world's energy consumption.

The website link below estimates that in 2019 hydro was 15.63% of the world's energy consumption. It has a country by country breakdown over time. The key data source was information from BP which looks pretty comprehensive.
https://ourworldindata.org/grapher/s...rliest..latest

That's a pretty big gap between different sources, and I'd tend to believe the BP data. It does however make it odd that the Blackrock renewables index has such a high weighting towards CEN and MEL. I can only guess that in many other countries major hydro dam's are government owned and therefore unable to be directly invested in (or are owned by companies that also have coal/oil power plants meaning renewable energy is not the majority of their activity).

That's exactly right. One has to wonder now if Governments around the World that hold these assets may look to NZ as a blueprint of what can be achieved with shared ownership and Governments being able to raise potentially a LOT of money quite easily in the post COVID World !!

[Tomtom]

That's exactly right. One has to wonder now if Governments around the World that hold these assets may look to NZ as a blueprint of what can be achieved with shared ownership and Governments being able to raise potentially a LOT of money quite easily in the post COVID World !!

Or perhaps a warning even.

[Dlownz]

Tiwai continuing to 2024. I think this wasn't unexpected news

[CraftyBeer]

Seemed to be on the cards, especially with aluminium prices rising (I believe).

[winner69]

Rio Tinto got their way again ...well played them

[Raz]

Rio Tinto got their way again ...well played them

Well said, this was not unexpected.