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Speaker 1: From the here we Go Again file, we're being lined

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Speaker 1: up once more for another winter of shonky power supply

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Speaker 1: deal has been done again with t Y they announced

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Speaker 1: yesterday to cup production. Oh the irony in a country

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Speaker 1: that's supposed to be focused on growth, growth, growth, and

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Speaker 1: mercury is the bearer of the glad tidings that the

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Speaker 1: power price is heading north by an average of ten percent?

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Speaker 1: Why because we don't make enough power. We are hopelessly

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Speaker 1: reliant on rain. We stopped looking for royal and gas.

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Speaker 1: We didn't get enough windmills and solar panels up, so

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Speaker 1: we're short short, last year short the year before. Spot

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Speaker 1: price currently about two hundred bucks, not the eight hundred

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Speaker 1: it was for a time last year, but well north

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Speaker 1: of what it should be. Yet again the years started dry,

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Speaker 1: but in a reassuring sign of expertise and meteorological minutia,

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Speaker 1: the power company said there's still plenty of time for

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Speaker 1: it to rain. So that's okay, then, isn't it a

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Speaker 1: cost plus accounting? Obviously not confined to councils. Power companies

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Speaker 1: do it as well. We think about it. We are

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Speaker 1: paying for the windmills, whether we want them or not.

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Speaker 1: See a lot of the renewable investment is not about

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Speaker 1: it solving the problem, because it isn't automatically, not in

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Speaker 1: a sensible, cost effective way. What a lot of it

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Speaker 1: is about is wokeness being seen to be part of

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Speaker 1: the Paris crowd. The same way the BNZ likes to

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Speaker 1: haunt petrol stations. Power companies like to gougeous for their

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Speaker 1: green credentials, like banks. There's an argument we're not well

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Speaker 1: served by these big gen retailers or Gen taylors, who,

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Speaker 1: in simple terms, are not doing their job. What is

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Speaker 1: their job? Mike, I hear you ask, well, power? Is

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Speaker 1: there enough power? Mike, No, was there last year? No?

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Speaker 1: Is it good enough in twenty twenty five, in the

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Speaker 1: country economically on its knees, looking for growth, growth, growth. No.

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Speaker 1: For more from the Mic Asking Breakfast, listen live to

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Speaker 1: news talks that'd be from six am weekdays, or follow

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Speaker 1: the podcast on iHeartRadio.