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

 


Electricity demand down – prices up

David
SHEARER

Energy Spokesperson
20 June 2014 MEDIA STATEMENT

Electricity demand down – prices up

The electricity market is broken and not delivering to Kiwis, said Labour’s Energy Spokesperson, David Shearer.

“The latest government figures show that demand for electricity is the lowest it’s been since 2009. Yet in that time prices have risen 19% – or more than four times the rate of inflation.

“If the market was functioning normally energy companies would compete harder for customers and prices would fall.

“Energy Minister Bridges said just last year that ’if flat demand remained, you do have to go back to the fourth or fifth form economics. You do have the conditions for flat prices, and maybe even decreasing prices.’

“Well Minister, where are those decreasing prices? Perhaps you need to go back to your college text books and explain why Kiwis are paying for ever higher prices when demand is dropping.

“This government is out of touch with New Zealanders. People know their power prices are going up to further the profits of energy companies.

“The market is working for our newly privatised energy companies.

“Consumers are being stung for higher prices – and our privatised energy companies are enjoying large profits.

“Meanwhile overseas, where demand as fallen, consumers have been enjoying cheaper power. Labour will reform the electricity market so that it delivers for New Zealanders.

“It will save New Zealand families hundreds of dollars and curb these unjustified price rises.”

Link to Report http://www.med.govt.nz/sectors-industries/energy/energy-modelling/data/electricity


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news