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

 


Phil O’Reilly open letter wrong on many counts

David

PARKER

Spokesperson for Finance

2 May 2013 MEDIA STATEMENT

Phil O’Reilly open letter wrong on many counts

It will come as no surprise that Labour disagrees with the open letter from Phil O’Reilly and others, says Labour’s Finance spokesperson David Parker.

“Labour is absolutely committed to lower power bills for New Zealand households and businesses. NZ Power will reduce bills by $230 - $330 a year for families and commercial bills by 5 – 7 per cent.

“The letter from Mr O’Reilly does not cure the current problems in the uncompetitive electricity market. Prices have increased since the independent report from Professor Wolack found $4.3 billion of overcharging. The system must be fixed.

“Currently super-profits are made on the back of our public resource – free water. This must be addressed if power bills are to be lowered. Mr O’Reilly again offers no effective solution.

“There are several other mistakes in the letter. There are no subsidies involved. It is remedying overcharging and will increase retail competition, and enable new entrants into generation.

“The current policy settings have failed. NZ Power remedies those failures. Contrary to Mr O’Reilly’s claims this is not a regressive step into the past.

“The letter repeats the National Government’s scaremongering about investment. The NZX stock exchange is up since the announcement. There is no investor flight or fear. It is irrational and damaging to markets and the New Zealand economy to claim there is.

“Rather than having a negative impact on business and jobs, independent economists Berl has found that it will see a $450 million boost to the economy and create 5,000 jobs. Our policy reduces costs to households and businesses. That’s good for the economy.

“The letter appears to want households not to use more electricity. Many of our children are growing up in cold, damp homes and our elderly often cannot afford to switch on the heater. It seems somewhat callous to suggest higher power bills are good as poorer New Zealanders use less electricity rather than adequately heat their homes.

“Phil O’Reilly’s criticisms of this policy are incorrect. Mr O’Reilly has made no effort to contact Labour to discuss this policy. If he had some of his errors would have been avoided,” says David Parker.

ENDS

Supportive commentary about NZ Power

New Zealand Manufacturers and Exporters Association

New Zealand Grey Power Federation

Geoff Bertram, from the Institute for Governance and Policy Studies at Victoria University

Power industry consultant, Bryan Leyland

Consumer New Zealand chief executive Sue Chetwin

NZ Council of Trade Unions

Generation Zero

Child Poverty Action Group

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Plain Packs Plan: Gordon Campbell On Tobacco Politicking (And The TPP Death Watch)

Has Act leader David Seymour got the easiest job in the world, or what? Roll out of bed, turn on the radio and hmm…there do seem to be a lot of problems out there in the world. Must think of something. And so it came to pass that this morning, David Seymour took up his sword and shield to fight for a world that’s about to be denied the rich and vibrant beauty of tobacco advertising. More>>

ALSO:

.


RECENT TPP MEETING:

Professor Ian Shirley: The Budget That Failed Auckland

The 2016 budget offered Auckland nothing in the way of vision or hope and it continued the National Government’s threats against the Auckland Council. Threatening the Council with over-riding its democratic processes if it fails to release land for housing is a bullying tactic aimed at diverting attention away from the fundamental problems with housing in the region. More>>

ALSO:

PM's Post Cab Presser: Budgets, Trusts And Pacific Diplomacy

Today Prime Minister John Key summarised last week’s budget and provided further detail about his upcoming trip to Fiji. He said that there has been “plenty going on” in the last couple of weeks and emphasised the need for Auckland council to facilitate more housing supply. More>>

ALSO:

Max Rashbrooke: A Failure Of Measurement: Inside The Budget Lock-Up

Shortly after the embargo lifted at 2pm news organisations started filing reports claiming that health, and to a lesser extent housing and education, were the ‘big winners’ out of the Budget. It failed to take into account the fact that in most cases the apparent increases were in fact cuts. Because of the twin effects of inflation and population. More>>

ALSO:

DOCtored Figures: Minister Clarifies DOC Budget

“Commentators have overlooked the fact $20.7m of that perceived shortfall is new funding for Battle for our Birds 2016, provided for in last week’s Budget...” DOC also has approval in principle to carry over a further $20m to 16/17 due to unexpected delays in a number of projects. More>>

ALSO:

For The Birds: Gordon Campbell On The Budget

Budgies, so their Wikipedia page says, are popular pets around the world due to their small size, low cost, and ability to mimic human speech. Which is a reasonably good description of Finance Minister Bill English eighth Budget. . More>>

Max Rashbrooke On The 2016 Budget

The best label for this year’s announcement by Bill English might be the ‘Bare Minimum Budget’. It does the bare minimum to defuse potential political damage in a range of areas – homelessness and health are prime among them – but almost nothing to address the country’s most deep-rooted, systemic social problems. Indeed the Budget hints that these problems may get worse. More>>

ALSO:

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news