Here's the ultimate lunacy of Max Bradford's privatisation of New Zealand's electricity industry. The state owned generator and retailer Meridian is building wind farms and solar power projects - in Australia and the US.
Wait a minute, weren't they set up to provide power for New Zealand? Well, not really - it seems that their primary duty is to provide returns for their shareholders. Besides, if they don't develop new generation in New Zealand, the existing power becomes dearer - and their profit rises. Good, eh?
So if you want some of the electricity that Meridian are investing the NZ Government's capital into, you'll need a very long extension lead.