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

 

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>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news