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

 

Faisal Al-Asaad: Gaza: McCully’s Calls For Restraint On Both Sides Is Side-Taking Itself

Since June 12th, the world’s attention has been squarely focused on the events unfolding in the West Bank, Gaza and the occupied territories. The disappearance of three Israeli youths who were later found dead prompted a flurry of condemnations ... More>>

ALSO:

Tania Billingsley: Demand For Accountability On Sexual Assault

Since my assault I feel that people have been assuming that my idea of justice is to have Rizalman found guilty in a New Zealand court. While it is an important part of justice being done, my main reason for wanting this is not for my own sense of ... More>>

Leslie Bravery: Hold The Perpetrator To Account, Not The Victim!

In a 4 July 2014 statement to Scoop Independent News, on the violent deaths of four young people in the Israeli Occupied West Bank and East Jerusalem, New Zealand's Foreign Minister Murray McCully made the following comments: 'The recent killing ... More>>

ALSO:

Santon Tekege: Investigative Report Into Oil Palm In Nabire Regency, Papua

Several companies’ plans to invest in the oil palm sector in Nabire have met with local opposition. People from the Yerisiam and Wate ethnic groups have staged several peaceful actions in Nabire against one of these companies, PT Nabire Baru1. More>>

ALSO:

Redress Information: Putting The Death Of The Israeli Squatter Teens In Context

The Western media are awash with correspondents’ reports on the grief Israelis are experiencing over the death of three teenagers. The teenagers, the sons of Jewish squatters living on stolen Palestinian land in the occupied West Bank, who disappeared ... More>>

ALSO:

Liran Antebi: United States: Prepared For Military Intervention In Iraq?

Following the seizure of Iraq’s main cities by the Islamic State of Iraq and Syria (ISIS), there has been much discussion about possible US military intervention in Iraq. Since the ISIS campaign began, a small American force of 275 soldiers has been ... More>>

John Chuckman: Iraq, ISIS, And Intervention: Just What Is Going On?

As so often is the case in foreign affairs, we will never know with precision what is happening in Iraq. The governments involved have reasons to disguise what they are doing, and a number of governments are indeed at work there. More>>

Joel Cosgrove: MANA and Industrial Relations: “Between equal rights, force decides”

Fightback participates in the MANA Movement, whose stated mission is to bring “rangatiratanga to the poor, the powerless and the dispossessed.” Capitalism was imposed in Aotearoa through colonisation, and the fight for indigenous self-determination is intimately ... More>>

Get More From Scoop

 
 
TEDxAuckland
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news