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

 


MRP Sale Will Force Up Power Prices

David Shearer
Labour Leader

9 May 2013 Media Statement

MRP Sale Will Force Up Power Prices

Kiwis will be whacked in the pocket by this Government’s decision to sell off our power companies as investors look to push up profits, says Labour Leader David Shearer.

“Putting Mighty River Power into the hands of private investors, including overseas buyers, only increases the pressure on profits. 

“That means power prices, which went up more than five times faster than inflation last year, will rise even more. That hurts all New Zealanders.

“I look forward to hearing from John Key what he is going to do to about that. What is he going to do to bring down power prices?

“John Key doesn’t think people are paying too much. But he should tell that to the New Zealanders who are thinking twice about turning their heater or electric blanket on this winter because they can’t afford to pay their power bill.

“John Key knows that the sale of Mighty River Power will push prices up even further, hurting many Kiwis who are already struggling. He’s got no answer for those people. He’s more focused on share-floats than helping people working their guts out to make ends meet.

“Labour has a clear plan to bring down power bills for all New Zealanders. NZ Power will also reduce prices for businesses by between 5 and 7 per cent. It’ll boost GDP by $450 million and create at least 5000 jobs.

“Our economic plan is about creating and building not just trading and selling at the expense of Kiwis,” said David Shearer.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Auckland Relocation Grants: 12 Grants Paid So Far

Since the policy took effect one month ago, 12 applicants have received the non-recoverable grant, supporting 32 people. $54,508 has been paid out, covering things like moving costs, bond, rent in advance and letting fees. More>>

ALSO:

Vaccine Funding Change: HPV Vaccines For All Children

PHARMAC has today announced changes to funded vaccines, which will benefit an extra 100,000 people... The human papillomavirus (HPV) vaccine will be available for all children and adults up to the age of 26 years, and boys will now be included in the HPV school vaccination programme. More>>

ALSO:

Gordon Campbell: On Why The Opinion Polls For Key And Trump Defy Gravity

What is going on? Donald Trump got confirmed as the Republican presidential candidate at a bizarrely chaotic political convention… and promptly received an upwards bump in the polls to where he’s now rating ahead of Hillary Clinton, for only the second time this year. More>>

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news