Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Open Letter to Labour, Greens: Please Withdraw Your Policy

Media release
2 May 2013

Open Letter to Labour, Greens: Please Withdraw Your Policy

A group of leading business organisations has sent an open letter to the Labour and Green parties (attached) urging them to withdraw their electricity policy.

BusinessNZ, EMA, the Chambers of Commerce and others say the policy would harm jobs, growth and investment, causing interest rates to rise, reducing KiwiSaver retirement savings and making people less well off.

BusinessNZ Chief Executive Phil O’Reilly says it is unusual for business to seek the withdrawal of party policies, but this particular policy if implemented would cause widespread damage.  

“Subsidies and state control are not the right answers to the issue of electricity pricing.  While sounding superficially attractive, such policies would in practice destroy investment and jobs.”

The signatories to the letter offer to work with the Labour and Green parties to help increase public understanding of the operation of the electricity market and in ensuring consumers have better choice as the electricity market becomes more competitive.

“More price competition - rather than damaging price controls – is needed to drive down electricity prices,” Mr O’Reilly said. 

 
Signatories to the letter are:

Phil O’Reilly Chief Executive BusinessNZ
Ken Shirley Chief Executive Road Transport Forum
Catherine Beard Executive Director Manufacturing NZ
Ralph Matthes Executive Director Major Electricity Users Group
Chris Baker Chief Executive Straterra
John Scandrett Chief Executive Otago Southland Employers’ Association
Raewyn Bleakley Chief Executive Business Central
Kim Campbell Chief Executive EMA
Peter Townsend Chief Executive Canterbury Employers Chamber of Commerce
Michael Barnett Director New Zealand Chambers of Commerce.

  Open_Letter_to_Labour__the_Greens.pdf ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

March 2017: Commerce Commission Delays Decision On Fairfax-NZME

The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

ALSO:

Plan Plan: Permanent Independent Hearings Panel Proposed For Planning

The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More>>

ALSO:

Statistics: NZ Jobless Rate Falls To 5.1% Under New Methodology

New Zealand's unemployment rate fell more than expected in the second quarter as Statistics New Zealand adopted a new way of measuring the labour market to bring the country in line with international practices, and while a growing economy continued to support jobs growth. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news