Parliament

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

 

Govt Must Not Pocket Electricity Crisis Windfall

Opposition Leader Jenny Shipley is calling on the Minister of Energy, Pete Hodgson, to give a commitment that once hydro lake levels improve he will reduce the rate of return required from State Owned electricity generators.

"Reducing the required rate of return from SOE electricity generators would ensure that families and businesses do not suffer as a result of the high electricity prices at the present time," Jenny Shipley said.

"It would mean the overall cost of electricity for New Zealand households and New Zealand businesses remained within the range they could have reasonably expected over a 12 month period.

"It would be disgraceful if the Government took a huge financial windfall gain because of high electricity prices and used that money for other purposes like Maori TV, the ballet or the People's Bank. Doing that would effectively turn the current high electricity prices into a 'tax grab', with the proceeds being used for unrelated Government policies.

"This is a significant test for the Labour Party as to whether their commitment to business and growth is just rhetoric or whether they really understand the problems businesses are facing in New Zealand today.

"National calls on both the Prime Minister and Pete Hodgson to demonstrate their understanding of the issue by taking decisive action when the Government meets with the electricity sector in Wellington later today," Jenny Shipley said.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Whether Spotify Can Save Itself; Plus A Playlist


Spotify has to be one of the most interestingly futile mouse-wheels of 21st century capitalism. Run, run, run goes the Spotify mouse but it never, ever makes a profit. For reasons set out below, it maybe never will. But it won’t be for wont of trying. Reportedly, Spotify’s music library contains 70 million tracks and it adds 60,000 more each day. By some estimates it adds on average, one new track every 1.4 seconds. (No wonder it's so hard to keep up with new music.) Spotify has 345 million active users, and 155 million of them have been willing to pay a subscription in order to enjoy their music ad-free. Ads are not a major driver of company revenue...
More>>



Alastair Thompson: Are There TPLF Ethiopia Insurgency Training & Support Operations in Uganda?


Mystery Document Alleges:
Covert Operation has US/Egypt Support
Operations Coordinated between South Sudan, TPLF and Uganda
Planning began December 2021...

More>>




 
 

Government: Action To Tackle Delays In Family Court
New legislation aimed at tackling delays in the family justice system, will help improve the wellbeing of thousands of children caught up in Family Court disputes every year, Justice Minister Kiri Allan says... More>>


Prime Minister: Chatham House Speech
What an honour it is to be back in London, and to be here at Chatham house. This visit represents much for me. The reopening of borders and resumption of travel after a difficult few years... More>>


Government: New Zealand Secures Major Free Trade Deal With European Union
New Zealand and the European Union have concluded negotiations on a major free trade agreement (FTA), which unlocks access to one of the world’s biggest and most lucrative markets... More>>

ALSO:



Economy: Financial Statements Of The Government Of New Zealand
Please note the next Financial Statements of the Government of New Zealand to be released will be for the full year ended 30 June 2022. It is anticipated that these will be released in early October 2022... More>>



Government: New Era For Better Health In Aotearoa New Zealand

The Government has today delivered a nationwide health system that will ensure better outcomes for all New Zealanders with the establishment of Te Whatu Ora - Health New Zealand... More>>



Greens: Alcohol Harm Minimisation Bill Pulled From Biscuit Tin

After years of research and advocacy, Parliament will finally consider legislation to take meaningful action on alcohol harm, says the Greens... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels