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

 

Gordon Campbell: On The Myopia Of The Business News

Listening to the business news is a bit like eavesdropping on the radio transmissions from space aliens. There is no discernible connection between the concerns of the captains of these space ships – the bank economists and the finance house spokesmen – and the concerns of ordinary listeners back on Planet Earth. More>>

ALSO:

Gordon Campbell: On Clinton, Sanders, Trump And Cruz

Come November, the world will have a new US president-elect and the least unlikely winner still looks to be Hillary Clinton. Right now though, the polls are showing a rocky stretch ahead for her in the immediate future. More>>

ALSO:

Binoy Kampmark: Sean Penn And El Chapo - Vanity, Hollywood And Reportage

Leaving aside Sean Penn’s personal history with drug use, let alone alleged efforts to get a slice of celebrity in portraying a drug lord, the furore surrounding his interview with El Chapo is instructive in a few respects. One is worth noting: the blind rage it has provoked with some US political figures and advocates who show how utterly lacking in understanding they are of their own liberal market system... More>>

ALSO:

Gordon Campbell: On Podemos, And Spain’s Election Stalemate

By hard grassroots effort, it convincingly rejected the fragmented, individualising forces that had shaped political life for the past few decades – instead, it organized its supporters on the basis of their common, communal experience via collective decision-making aimed at rolling back (a) the austerity-driven cutbacks in public services and (b) the home evictions of those unable to meet their mortgage payments. More>>

Binoy Kampmark: Merkel, Refugees And The Cologne Attacks

Huge pressure was already on Angela Merkel’s shoulders prior to the New Year celebrations. When it came in its waves of chaos on the eve, the security services in Cologne were found wanting. The police document from Cologne, leaked to Der Spiegel, speaks of chaos and lack of control. More>>

NZ Media In 2015: ‘Digital First’ Strategies Put Journalists Last

Journalism in New Zealand is threatened by the constant culling of editorial jobs and current affairs programmes… Additionally, journalists investigating issues which are in public interest have become under scrutiny as seen most clearly in the cases of Nicky Hager and Heather Du-Plessis Allen. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news