Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Govt profiting from power companies

Gerry Brownlee

National Energy Spokesperson

18th October 2002

Govt profiting from power companies

Four out of the five major electricity retailers are failing to comply with the low fixed charges policy, and the Government is profiting as a result, says National's Energy Spokesperson Gerry Brownlee.

"It is absolute nonsense for Energy Minister Pete Hodgson's officials to say they are monitoring the situation.

"To say they are in "discussions" with retailers about the situations is a cop-out. Every day the Minister and his official's dither is a day's more profit for the Government.

"What the Minister and his Ministry have failed to mention is that 70% of residential electricity customers are now contracted to State Owned Enterprises - and just today SOE Meridian announced it had delivered a profit of $84 million, and another SOE, Genesis, announced it had delivered a profit of $48 million.

"What the Minister should be doing is giving these SOEs 30 days to comply with the low fixed charges policy - and if they fail to comply, take some drastic action to return their massive profits to consumers.

"But of course, the Government may prefer not to push too hard - ultimately they are the ones who truly profit from high electricity prices," said Mr Brownlee.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news