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

 


Power prices soar on the eve of winter

David SHEARER
Energy Spokesperson

18 April 2014
MEDIA STATEMENT

Power prices soar on the eve of winter

On the eve of winter as New Zealanders are turning on their heaters, power prices have soared sky high, Labour’s Energy spokesperson David Shearer says.

“Energy Minster Simon Bridges claimed in Parliament that prices were estimated to rise 2.4 per cent over the six months from February to August.

“Last month, many regions exceeded that in just one month.

“In parts of Waikato, Wellington, Tauranga and Christchurch some power company prices have jumped over 6 per cent in just a month. Other companies have hiked their prices up a staggering 10 per cent in a month.

“Prices are out of control and totally unreasonable for people facing high power bills with winter coming. It is simply not fair for Kiwis to face those sorts of bills.

“In Auckland prices have gone up around 1.5 per cent in one month. These projections will blow Simon Bridges estimates in just two months.

“The increases have been picked up on the PowerSwitch website. It tracks power prices and its latest update records the power bill hikes that many Kiwis experienced when they received last month’s bills.

“Just four weeks ago, John Key dismissed those increases in family power bills, saying it was Transpower charges – something Transpower quickly refuted. These latest increases dwarf anything Transpower could pass through.

“The electricity market is clearly broken. With electricity demand falling but prices soaring, prices should be going down, not up. The Key Government is defending a system which results in higher bills for families to maintain higher profits for newly privatised power companies.

“Genesis, the company that was sold off in the past week has been the worst culprit beating others on the magnitude of its price rises, across most regions.

“Labour’s NZ Power policy will reduce prices by hundreds of dollars a year and stem the ever increasing cycle of power price rises,” David Shearer says.

Results from the PowerSwitch website

Simon Bridges said power prices would increase 2.4% from 1 February to 1 August this year.

The latest PowerSwitch data shows significant price hikes taking place in most areas of New Zealand in just the last month that are in excess of 2.4%.

Prices are likely to rise far more than Bridges has claimed. Already rises up to 10% in one month have been recorded.

The statistics below are just for power price increases for the average consumer so some individuals will face even larger increases.

Major increases to annual bill from March to April this year by area:

Wellington

• Powershop is up from $2,155 to $2,280 - $125 or 5.8%
• Contact is up from $2,169 to $2,293 - $124 or 5.7%
• Meridian is up from $2,181 to $2,314 - $133 or 6.1%
• Genesis is up from $2,228 to $2,384 - $156 or 7%
• Mercury is up from $2,252 to $2,385 - $133 or 5.9%
• Nova is up from $2,253 to $2,386 - $133 or 5.9%

Christchurch

• Nova is up from $2,044 to $2,235 - $191 or 9.3%
• Contact is up from $2,060 to $2,148 - $88 or 4.3%
• Genesis is up from $2,204 to $2,356 - $152 or 6.9%
• Powershop is up from $2,206 to $2,409 - $203 or 9.2%

Waikato

• Contact is up from $2,102 to $2,213 - $111 or 5.3%
• Nova is up from $2,132 to $2,350 - $218 or 10.2%
• Meridian is up from $2,181 to $2,301 – $120 or 5.5%
• Genesis is up from $2,191 to $2,309 - $118 or 5.4%
• Mercury is up from $2,201 to $2,321 - $120 or 5.5%
• Powershop is up from $2,217 to $2,328 - $111 or 5%

Tauranga

• Powershop is up from $2,083 to $2,107 - $24 or 1.2%
• Mercury is up from $2,140 to $2,209 - $69 or 3.2%
• Genesis is up from $2,153 to $2,261 - $108 or 4.7%
• Nova is up from $2,172 to $2,285 - $114 or 5.2%
• Contact is up from $2,278 to $2,341 - $63 or 2.8%
• Meridian is up from $2,361 to $2,429 - $68 or 2.9%
• Trustpower is up from $2,478 to $2,547 - $69 or 2.8%

Auckland Central/Manukau

• Contact is up from $2,018 to $2,046 - $28 or 1.4%
• Powershop is up from $2,127 to $2,149 - $22 or 1%
• Nova is up from $2,156 to $2,172 - $16 or 0.7%
• Meridian is up from $2,149 to $2,180 - $31 or 1.4%
• Genesis is up from $2,204 to $2,284 - $80 or 3.6%
• Mercury is up from $2,251 to $2,282 – $31 or 1.4%

Dunedin

• Nova is up from $1,907 to $2,015 - $108 or 5.7%
• Powershop is up from $1,948 to $1,992 - $44 or 2.3%
• Contact is up from $1,948 to $1,996 - $48 or 2.5%
• Genesis is up from $1,981 to $2,074 - $93 or 4.7%
• Mercury is up from $2,081 to $2,134 - $53 or 2.5%


Data for more areas is available on the Powerswitch website at: https://www.powerswitch.org.nz/powerswitch/price-trends/graphs


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news