Nov 14 • 9M

Dawn Chorus: Robertson relaxed about power profits

Finance Minister lukewarm on windfall profits tax idea and points to power prices rising less than inflation recently; says Govt busy with big reforms; RMA reform details today

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Bernard Hickey
The latest daily snapshot of the news, detail, insight and analysis on geo-politics, the global economy, business, markets and the local political economy for citizens and decision-makers of Aotearoa-NZ.
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TLDR: The Government has rebuffed fresh calls for a windfall profits tax on electricity generators, saying prices hadn’t risen that much and it already had a lot on its plate.

Robertson says he doesn’t see any major reasons for electricity industry reforms. File Photo: Lynn Grieveson / The Kākā

Elsewhere in the news here and overseas overnight and this morning:

  • Presidents Xi and Biden met to exchange warnings, but are at least speaking;

  • Anthony Albanese will meet Xi today in major warming of relations between Australia and China; and,

  • NZ emergency departments are in crisis with hundreds waiting over 24 hours.

Watch out later today for fresh details on the Government’s RMA reform legislation. I’ll be in a lockup in Parliament until early afternoon with the details and will report for subscribers this afternoon. Paying subscribers can see more below the paywall fold and in the podcast above.

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