Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


NZ Power: New Labour-Green Electricity Proposal

NZ Power: New Labour-Green Electricity Proposal


Labour-Green Party Joint Press Conference - 18 April 2013

Scoop Audio+Video+Photos

The Scoop Team

Today Labour and the Greens unveiled a joint proposal to for electricity market regulation.

Labour's and the Greens' proposal involves the creation of a single buyer agency called NZ Power, which will purchase all electricity at a price based on the cost of production.

*******

*******

Click a link to play audio (or right-click to download) in either
MP3 format or in OGG format.

David Parker opined that currently markets are not truly competitive, meaning that major players can set very high prices for consumers. Electricity was centrally run up until 1987, when the state monopoly was divided up to create commercial competition, and residential prices have continuously risen ever since while commercial prices have fallen. The gap between residential and industrial prices in New Zealand is currently the second largest in the OECD.

Under the NZ Power setup, Labour estimates that power bills will fall by $230-$330 per annum for the average residential customer. The estimated economic boost would be around $450 million, creating around 5,000 jobs. Government oversight would also increase the likelihood of energy efficient electricity sourcing.

Both parties denied the release of the NZ Power proposal is related to the Mighty River Power sale. However, Labour and the Greens' show of support for the residential consumer's rights may push National into the politically unpopular position of defending comparatively wealthy electricity shareholders. In light of Simon Bridges' statement on how the NZ Power proposal is reminiscent of Soviet communism, it is unlikely that National will be convinced to support it. The scheme will most likely only be enacted if Labour and the Greens are elected next year, by which time the major power companies will be sold off, making efficiency and oversight more difficult.

Neither Labour nor the Greens have any plans to nationalise power companies.

The transcript of Labour Party leader David Shearer's speech can be accessed here, along with David Parker's speech here and Russel Norman's here.

*******


David Shearer


David Parker


Russel Norman

ENDS

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Binoy Kampmark: Texas, Abortion And The US Supreme Court

The subject before the US Supreme Court justices in the case of Whole Woman’s Health v Hellerstedt involved particular Texan regulations that were found to be an “undue burden” on a woman’s right to have an abortion. More>>

ALSO:

Gordon Campbell: On The Delusions Driving The “Leave” Option

Voting for “Leave” requires (a) a fantastically unbalanced view of the impact of immigration on modern Britain (b) a demonizing of the EU “regulations” that are commonplace within a modern economy and (c) a simple-minded optimism that Britain would not suffer any major damage to its economy, or to the status of the City of London. More>>

ALSO:

Gordon Campbell: On The “T” Word, And This Sunday’s Election In Spain

Once again, the RNZ news packages from the US and UK this morning underlined the striking difference in the treatment of the Pulse night club killings in Florida and the murder of the British Labour MP, Jo Cox. More>>

Werewolf: Getting Roasted, Kiwi Style

Roasting coffee beans is an essential step in the process from plant to cup. New Zealand does not grow any coffee, so it therefore imports 100% of its coffee supply from other countries. New Zealand does however roast a lot of coffee beans. More>>

Alastair Thompson: Jo Cox's Killing Looms Large As Brexit Heads Down To Wire

The mourning period for the brutally slain pro-remain Labour MP and mother of two Jo Cox was always going to be brief. Today, Sunday 19th June, with four days to go till polling, the Brexit campaign resumed. More>>

ALSO:

Pledge Me Goal Met!
On Scoop's Current Journalism Project

Gordon Campbell: Before this crowd funding effort wraps up tonight, I thought I should provide an update on the mental health journalism project that Scoop – and its readers – are funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news