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

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news