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

 


Nats’ ETS claims on power misleading again

David Parker
Spokesperson for Finance

22 April 2013

Nats’ ETS claims on power misleading again

John Key is wrong yet again with his claims that Labour’s power policy will see a rise in power bills due to the emissions trading scheme – the truth is in future the ETS will have less of an impact on power bills than it does now, says Labour’s Finance spokesperson David Parker.

“Under Labour’s power plan, all Kiwis will see their power bills reduced by $230 - $330 a year. Under National they will go up. National knows that matters to New Zealanders and is desperate to undermine the policy with a series of misrepresentations.

“Under Labour’s proposed changes generators will be paid for their actual costs. The ETS will only apply to electricity production that actually generates carbon, when 75 per cent of production is low carbon. Currently the carbon price impacts on other electricity generation.

“At the moment, electricity is traded in a spot market where the price is set by the generator who supplies the most expensive electricity, this is frequently gas generators. That price, which includes ETS carbon costs for gas, is paid to all generators including hydro, which has no carbon content.

“That means gas and coal generators’ carbon costs are incorporated into the price paid to hydro, wind and geothermal generators, despite the fact that they have zero or low carbon emissions.

“Under Labour’s policy only the companies whose generated electricity emits carbon will be able to charge for it. Carbon-free sources such as hydro will not be able to lift their prices because of carbon.

“This is yet another example of why Labour’s proposals are better and will reduce power bills. The system must be changed.

“Under National power bills will keep skyrocketing. National has no electricity credibility so they are resorting to misleading New Zealanders,” says David Parker.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news