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

 


Business New Zealand admits NZ Power benefits

28 February 2014

Business New Zealand admits NZ Power benefits, now needs to embrace them

Business New Zealand has finally admitted that the Green Party’s plan for cheaper power for families and businesses will be good for the economy, but they need to stop downplaying NZ Power’s benefits, Green Party energy spokesperson Gareth Hughes said today.

Business New Zealand today released a report from Infometrics that finds NZ Power will produce economic benefits for New Zealand. The report attempts to down-play the size of those benefits with flawed analysis but, even so, it is forced to admit that the New Zealand economy would receive a net gain over $220 million a year. The Green Party believes the report significantly under-estimates the gains NZ Power will bring.

“Current high and rising power prices act as a stealth tax on the economy holding back Kiwi businesses, something Business New Zealand should join us in fighting,” said Mr Hughes.

“The Greens’ plan for cheaper, cleaner electricity will put more money in families’ wallets, cut business costs, and create economic development opportunities, leading to 5,000 new jobs.

“The report makes the strange claim that putting more money in families wallets and reducing costs to businesses won’t mean more jobs. In fact, as Business New Zealand would normally argue, when you cut costs for households and businesses, they spend more in the economy and create jobs.

“This basic error in Business New Zealand’s report leads to it over-estimating the fiscal costs of NZ Power and missing the 5,000 new jobs that NZ Power will create.

“Business New Zealand also gets it wrong when it says NZ Power will increase electricity demand and that will mean greater greenhouse emissions. In reality, electricity demand is falling due to improved energy efficiency and NZ Power will have an inherent interest in promoting low-cost energy efficiency measures.

“There are nearly 3500MW of consented renewable power plants that are waiting to be built if needed. Business New Zealand’s report also seems completely ignorant of the booming home solar industry, which the Greens will support with our Solar Homes policy, negating the need for some new large power plants.

“The Greens welcome Business New Zealand’s new-found concern about greenhouse emissions and hope that they will now join us in helping to create an effective price on climate pollution.

“Rather than attack NZ power with weak, inaccurate, and politically-motivated arguments to defend the big power companies, Business NZ should advocate for the bulk of their business membership, who will do better out of cheaper electricity.

“The Greens would welcome Business NZ and electricity companies input into how we can structure an electricity market that works for New Zealand, rather than defending the status quo that sees the big power companies making excessive profits and power prices rising even as demand drops,” said Mr Hughes.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

2040 Target And Lower Standards: “Swimmable” Rivers Five Times More Likely To Make You Sick

Forest & Bird has condemned the government’s new water quality standards, warning New Zealanders that they lock in current levels of water pollution and allow for a 5-fold increase in the chance of getting sick from swimming in a river.

“Despite an explicit assurance from Minister Smith that the new water standards would provide for human and ecosystem health, he has failed to deliver on either of these things,” says Forest & Bird CEO Kevin Hague. More>>

ALSO:

 
 

Immigration: Clampdown On Rogue Employers Good First Step

The Human Trafficking Research Coalition is pleased at the new clampdown on rouge employers who exploit migrants announced by Minister Woodhouse this morning, and believes this is a step in the right direction. More>>

ALSO:

Mayor: 750 New Social And Affordable Homes For Wellington (Over A Decade)

The next stage of Wellington’s Housing Upgrade Programme will see at least 750 new units of social and affordable housing built over the next decade, Mayor Justin Lester has announced. More>>

ALSO:

22/2: Christchurch Quake Memorial Unveiled

A city, a region, a nation and an international community impacted by the Canterbury Earthquakes will come together to mark the sixth anniversary of the deadly quake and dedicate Oi Manawa Canterbury Earthquake National Memorial. More>>

ALSO:


November Quakes:

Gordon Campbell: On The Mana-Maori Party Deal

If the self-interest involved wasn’t so blatant, the electorate deal between the Maori Party and Hone Harawira would be kind of poignant. It’s a bit like seeing the remaining members of Guns’n’Roses or the Eagles back on the road touring the nostalgia circuit… playing all the old hits of Maori unity and kaupapa Maori politics. More>>

ALSO:

Private Provision: First Social Bond To Focus On Mental Health

New Zealand’s first social bond will help around 1700 people with mental illness into work, Finance Minister Steven Joyce and Social Investment Minister Amy Adams say. More>>

ALSO:

Immigration: Short Reprieve For Nine Indian Students

A temporary hold on deportations of nine Indian students is a step in the right direction but the Government urgently needs to implement safeguards to stop further injustices to more international students, the Green Party says. More>>

EARLIER:


Megaupload Case: High Court Rules Dotcom, Co-Accused Eligible For Extradion

Internet entrepreneur Kim Dotcom and his three co-accused are eligible for extradition to the United States, New Zealand's High Court ruled... Justice Murray Gilbert upheld a decision by the District Court that there were grounds for Dotcom, Mathias Ortmann, Bram van der Kolk and Finn Batato to be extradited. More>>

ALSO:

PREVIOUSLY:

Port Hills Fire: Midday Update, Monday 20 February

• 9 homes destroyed
• 2 homes with partial damage. Damage includes things like cracked windows, heat damage.
• 3 properties with damage to other external structures e.g sheds or outbuildings More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news