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

 

PARLIAMENT TODAY:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Labour: New Figures Show Speculators Rampant

New figures released by the Reserve Bank show there’s been an explosion in mortgage lending with most of the growth going to property investors, Labour’s Housing spokesperson Phil Twyford says. More>>

ALSO:

False Official Information Response: English's Apology Accepted

Finance Minister Bill English is being thanked for his apology to New Zealand First Leader and Member of Parliament for Northland Rt Hon Winston Peters... Mr English says his staff and the Treasury have searched again, and they found the document that they denied having. More>>

ALSO:

Midwives On Pay Equity: Historic Bill Of Rights Case For High Court

“We have been left with no choice.” That from Karen Guilliland, the Chief Executive of the New Zealand College of Midwives, as the organisation prepares to file a pay parity discrimination case on the basis of gender under the NZ Bill of Rights Act in the High Court. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news