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


Power Price Surge Highlights Need For NZ Power

Power Price Surge Highlights Need For NZ Power

The latest surge in businesses’ electricity costs highlights the failure of the current electricity market and the need for the introduction of NZ Power to bring down electricity prices, Green Party Co-leader Dr Russel Norman said today.

Statistics New Zealand’s Producer Price Index has revealed that electricity and gas input prices to producers rose by 15% in the March quarter. In four years under National, electricity and gas prices for businesses have risen by 39%.

“Electricity is costing our businesses too much, and that’s hurting our economy,” said Dr Norman.

“Under National, power costs for businesses have risen 39%, including a 15% hike in the last quarter alone.

“High power prices mean profit margins are reduced, businesses hire fewer workers, and exporters aren’t as competitive. The excessive cost of electricity is helping to unbalance the economy.

“We need change. We need to abandon the failed model that National put in place twenty years ago, which is giving electricity companies unjustifiable profits for cheap hydropower.

“The Greens’ NZ Power plan will take the market power away from the electricity companies and create an agency that will drive down prices for businesses and families. It will also mean that, for the first time, there will be a major market player with an inherent interest in improving energy efficiency.

“New Zealand now has a choice: we can keep on paying too much for power, or we can choose the proven model of NZ Power to get power prices down and improve energy efficiency,” said Dr Norman.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>


Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>


Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>


Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>





InfoPages News Channels