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


Electricity demand down – prices up


Energy Spokesperson

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



Australia Deportations: English Relaxed On Immigration Centre Conditions

Labour's Annette King: “There have been numerous reports from inside these detention centres on just how bad conditions are... If they were being held in any other foreign jail, I imagine Mr English would be somewhat concerned. More>>


Schools: Achievement-Based Funding Would Be A Disaster

The Education Minister’s speech to the PPTA Conference raising the spectre of achievement data driving a new funding system would be disastrous, says NZEI Te Riu Roa. More>>

  • Video Out-Link - PPTA Annual Conference 2015 on Livestream (Q+A dicussion suggests funding would be directed to less successful schools.)

  • ALSO:

    ECE Report:

    Key In NY: Prime Minister Addresses United Nations

    Prime Minister John Key has addressed the United Nations General Assembly in New York, focusing on a call for action in Syria and on other conflicts, reform of the veto process and on the UN’s Sustainable Development Goals. More>>.


    Gordon Campbell: On The Lack Of Accountability Over Philip Smith

    In New Zealand, accountability is an exotic creature rarely glimpsed at ministerial level, or among senior management. The flight to Rio by the paedophile /murderer Philip John Smith/Traynor is no exception. More>>


    More On Corrections

    Gordon Campbell: On Putin’s Diplomatic Coup Over Syria

    There’s a simple historical precedent for what is occurring in Syria. During WWII, the Allies joined forces with a known butcher and tyrant – Joseph Stalin of the Soviet Union – in order to defeat a greater evil, Nazi Germany… More>>


    Key 'Didn't Know': Brownlee Seeks Pandas In China

    While Defence Minister Gerry Brownlee is in China pushing a taxpayer funded deal to bring two pandas to New Zealand, the country’s military look set to be hit with a pay freeze, Opposition Leader Andrew Little says. More>>


    Scoop Business: GCSB Willing To Extend Cyber-Attack Programme To Local ISPs

    The Government Communications Security Bureau’s ‘Cortex’ cyber-security programme has been successful in helping identify and mitigate a series of cyber attacks since its introduction and an extension to cover local internet service providers is still on the cards... More>>


    Get More From Scoop



    Search Scoop  
    Powered by Vodafone
    NZ independent news