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

 


No savings with power switching

David Shearer
Energy Spokesperson

4 April 2014

No savings with power switching

A report has dismissed the government’s grand claims that customers who switch power companies have brought big savings to the electricity market, says Labour’s Energy spokesperson David Shearer.

“This is a blow to the government which has actively touted the benefits of a switching facility that would bring a competitive market that in turn would deliver lower prices.

“The Covec report, commissioned by the Ministry of Business and Innovation and Employment showed that the $15 million the government has put into electricity switching has had no impact on overall electricity prices, nor has it increased competition between power companies.

“Despite investing $15 million into switching, the estimated 62,000 to 79,000 consumers who used the facility saved just over $16 million.

“Spending $15 million to help some electricity consumers save just $16 million is hardly worthwhile. Taxpayers are effectively subsidising those who changed.

“Meanwhile underlying electricity prices have increased four times the rate of inflation in the past year.

“The electricity system is not working. Demand is declining while there is an abundance of supply. If the market was truly competitive, prices would be coming down, not going up. The Government is out of touch with how New Zealanders feel about increasing power bills,” said David Shearer.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

CPAG: Government Spends Over $100K Pursuing Beneficiary

For the past fifteen years, Kathryn, now in her fifties and living alone with chronic ill health on a benefit, has been challenging the decision by the MSD that she has to pay back $117,000. She has no assets or savings and cannot afford to pay for fresh food or therapy that would improve her health. More>>

ALSO:

Labour: National’s Cuts Shave $100K Off KiwiSaver By Retirement

New analysis shows National’s constant cuts to KiwiSaver will reduce the average worker’s retirement savings by $100,000 over their working life, Leader of the Opposition Andrew Little says... Since coming to office it has made five separate cuts to the scheme." More>>

ALSO:

Auckland: Transport Operators Switch From SuperGold To AT HOP Cards

Seniors using Auckland’s public transport will need to use their AT HOP cards from today but Auckland Transport has requested its operators to show understanding for those customers yet to complete the switch from SuperGold cards. More>>

ALSO:

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news