Parliament

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

 

Leave Household Electricity Prices Alone

21 August 2001

Enough Is Enough! Leave Household Electricity Prices Alone

The Minister of SOEs, Mark Burton, must give an assurance the Government will not allow its electricity companies to hammer householders the same way they are hammering business, National's Bill English said today.

"At a time when a Government Minister is on TV asking New Zealanders to pull together, the public deserve to know why the Government is banking windfall profits at their expense and what plans it has for more of the same as the crisis bites."

Mr English says Government owned companies are already making large profits at the expense of small and large business because of the energy crisis.

"For example, around $160 million from the big loss announced by Natural Gas Corporation this week has gone to state-owned electricity companies," Bill English said.

"Industry sources inform me that Genesis Energy, a state-owned generator and retailer of electricity, is making profits of around $2 million a day because it is generating the most electricity for the spot market, where the high prices are occurring.

"Hospitals, resthomes and schools are among the organisations already suffering due to very high prices and those same state-owned electricity companies are now eyeing up the public.

"How confident can an elderly person feel, living in Auckland and turning off the heater to save power, when Mercury Energy is wielding the threat that it can raise prices as often as it likes with just two days' notice?

"The Government should tell the public what profits it is making, whether it can resist the temptation to make more profits from households, and whether it will rebate those windfall gains back to the people hammered by high prices now.

People running schools, hospitals and small businesses want to know - even if the Minister of SOE's Mark Burton has so far done his best to hide this information," Bill English said.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Rivals For The Covid Saliva Testing Dollar

If you want a good insight into what the limits of tiny, barely discernible steps to reduce poverty actually look like, delve into the latest Statistics Department figures on poverty in New Zealand Most of the nine measures utilised reveal little or no progress in combatting poverty over the 21 months to March 2020... More>>


 

Government: Reserve Bank To Take Account Of Housing In Decision Making

The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into ... More>>

ALSO:


RNZ: Alert Levels Remain

There are no new community cases of Covid-19 today, the Ministry of Health has confirmed.
Covid-19 Response Minister Chris Hipkins says at least half of the Papatoetoe High School community have been tested and the results that have come through so far have all been negative... More>>

ALSO:

Stats NZ: Latest Release Of Child Poverty Statistics

All measures of child poverty were trending downwards, prior to the COVID-19 lockdown, across the two years since year ended June 2018, Stats NZ said today. The COVID-19 lockdown in late March 2020 affected Stats NZ’s ability to collect data from households ... More>>

ALSO:


NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>

The Dig: An Illogical Ideological Struggle

Dig beneath all the trade wars and the arguments to the effect that the USA should not permit China to achieve economic and technological superiority, or even parity, and you find the real reason behind the conflict... More>>

Travel: Government Eases Visa Restrictions For Visitors In New Zealand

Visitor visa holders will be able to stay in New Zealand a little longer as the Government eases restrictions for those still here, the Minister of Immigration has announced. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels