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Speaker 1: Ironic that we mentioned the ComCom yesterday, Commas Commission yesterday,

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Speaker 1: and here we are indulging in a little bit more

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Speaker 1: of its madness. Lines charges, the cost of getting power

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Speaker 1: to your house is going to get more expensive. Your

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Speaker 1: bill will rise for the next handful of years by

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Speaker 1: up to eighty five dollars a month, which is over

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Speaker 1: a thousand dollars a year. Is your power better? No?

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Speaker 1: Do you get more power? No, you just pay more. Why? Well,

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Speaker 1: because the Commission decided they're going to let Transpower and

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Speaker 1: the local lines company charge more so they can invest

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Speaker 1: in new infrastructure. They will be allowed to raise just

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Speaker 1: shy of six billion dollars. Now here is irony number one.

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Speaker 1: We also say the Commission understand the importance of incentivizing

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Speaker 1: business to invest and improve and meet consumer demands. What

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Speaker 1: you don't think that they would charge this and more

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Speaker 1: if they could, And what an incentive? Transpower are a monopoly,

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Speaker 1: They've got no incentive to improve anything. Irony number two.

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Speaker 1: The six billion is way more than it should be.

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Speaker 1: What should it be, Mike, under three billion? Why because

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Speaker 1: fifty five percent about fifty five percent of six billion.

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Speaker 1: Fifty five percent is because of higher inflation and interest rates.

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Speaker 1: Now how do we get those? Mike, Ah, well, that's right,

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Speaker 1: it's Adrian. If you want yet another tangible example of

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Speaker 1: how the Labour government and adrianaw the years of incompetence

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Speaker 1: roll on. Than here you are three billion dollars worth

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Speaker 1: and that is for nothing other than admin and fees,

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Speaker 1: stuff that should not have happened if the approach in

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Speaker 1: COVID hadn't been as grandiose, wasteful and plain idiotic. More

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Speaker 1: inflation than we ever needed, leading of course to interest rates,

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Speaker 1: we shouldn't have had to have to try and bring

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Speaker 1: it all back down to earth entirely as a result

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Speaker 1: of the COVID approach that crippled the country. Plenty of

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Speaker 1: intangibles and COVID of course, yes, morals and behavior and

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Speaker 1: mental health and school attendance, but simple math as well.

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Speaker 1: Fifty five percent of six billion dollars so we can

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Speaker 1: pay Transpower to do what they should have done anyway.

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Speaker 1: Awesome economics in an awesome economy. For more from the

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Speaker 1: Mic Asking Breakfast, listen live to Newstalk at B from

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Speaker 1: six am weekdays, or follow the podcast on iHeartRadio.