Parliament

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

 

Power cartel running on empty

13 May, 2003
Power cartel running on empty

Green Party Co-Leader Jeanette Fitzsimons said she is not surprised at the impending failure of the electricity industry's self-governing board.

Energy minister Pete Hodgson is set to introduce a Crown Electricity Governance Board (CEGB) after the failure of the electricity industry to announce a self-governing regime by the end of this week.

"The electricity industry has had two years to develop a governance structure and despite having spent millions of dollars of electricity consumers' money on trying to write the rules they have nothing to show for it," said Ms Fitzsimons.

"The industry players have focussed on power games and competitive posturing while New Zealanders suffer cold showers and business shutdowns."

Ms Fitzsimons predicted two years ago that the self-governance plan, urged by the June 2000 Caygill Report into the electricity industry, was doomed to fail, when she said:

"A board chosen by the market participants and setting the pricing rules is effectively a cartel which will protect the interests of the current participants, and work against the consumers, small generators of renewable energy, and the environment.

"It's no secret that the Greens have major reservations about the industry self-governance model proposed for electricity. The board will inevitably be a club of people with vested interests. The parties not properly represented will be the consumer and the environment," said Ms Fitzsimons in 2000.

"Faced with a winter of cold showers, I think consumers would be really angry to know that power companies were wasting New Zealand's valuable resources just to keep their profit margins higher.

"The CEGB must sort the industry out in a way that reflects the public interest. It is a good opportunity to assist and encourage renewable energy sources and focus on reducing consumer demand. It must be made easier to trade in fixed-price wholesale contracts and for distribution generators to connect to the lines.

"New Zealand is one of the most inefficient power-consuming nations in the world. Any solution that does not focus on helping people reduce their demand is bound to be unsustainable."

ENDS

© 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


Reaction

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>>

ALSO:


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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election