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.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election