Are You Paying For Watercare’s Gambling With Derivatives?

A couple of months ago Water Care started to charge incredible sums for water in the Auckland region. Here is a Newspaper article about how derivatives trades can go (no, are programmed to go) terribly wrong. In it Watercare is quoted as having made a $ 60 million loss on its Derivatives gambles. Could it […]

On Watercare, $ 100 a month bills and Aucklands Privatised Water!

Update: received a photo of a bill! News is beginning to reach me that Auckland residents are receiving bills for water of around a $100 a month. They are receiving these from a company called Watercare. I would  like to have a copy of the contract the receiver of these bills has signed with this […]