Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Statistics Show Electricity Prices Skyrocketing

PRESS RELEASE

FOR IMMEDIATE RELEASE
Business

Statistics Show Electricity Prices Skyrocketing

"Statistics New Zealand revealed recently that electricity prices were 6.6 per cent higher in September compared with the same time last year. Power prices have been rising faster than the rate of inflation since the Labour government came to power," fumes Greg Balle, Libertarianz Electricity Spokesman. "Energy consultant John Noble says prices have risen 40 per cent in real terms (faster than inflation), in the last six years."

"Shortages and rising prices are classic hallmarks of socialist economies," Balle explains. "Isn't it time New Zealand electricity consumers pulled their heads out of the sand and accepted the overwhelming evidence that the state-dominated electricity market is not free, not fair and most of all simply not working? Electricity users in NZ need real competition, not Labour's 'choice of any provider as long as it's the state' approach. Electricity regulation is getting us nowhere."

As well as the red tape around electricity providers and line companies, the RMA is a huge barrier to new electricity infrastructure, Balle said. "Modern life and nearly all commerce is dominated by the need to have access to reliable, affordable electricity. The supply of this essential commodity is far too important to be left in the hands of a few power-drunk bureaucrats."

"A Libertarianz government would completely deregulate the electricity and energy markets and ensure that the state got completely out of the way. Innovative electricity providers (in a low taxation environment) would then have powerful incentives to explore a myriad of creative solutions to satisfy market demand." Balle concludes, "A fair and free market would quickly be established, ensuring all power consumers could get the power they need at lower prices."

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Lessons From Australia’s Election


Australia’s new PM Anthony Albanese faces an obvious dilemma, barely before he gets his feet under the desk. Australia is the world’s leading exporter of coal. Will the new Labor government prioritise the jobs for Queensland/NSW workers in its mining-dependent communities - or will Labor start to get serious about climate change, and risk the inevitable political backlash from making a major shift into renewables..?
More>>



 
 


Australian Election: Prime Minister Congratulates Anthony Albanese
Prime Minister Jacinda Ardern has congratulated Anthony Albanese and the Australian Labor Party on winning the Australian Federal election, and has acknowledged outgoing Prime Minister Scott Morrison... More>>

Government: Helps Supermarket Shoppers Get A Fair Deal
Urgent Budget night legislation to stop major supermarkets blocking competitors from accessing land for new stores has been introduced today, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>


Budget 2022: A Secure Future In Difficult Times
Budget 2022 will help build a high wage, low emissions economy that provides greater economic security, while providing support to households affected by cost of living pressures... More>>

ALSO:



Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>


National: Jacqui Dean To Retire From Parliament In 2023

Waitaki MP Jacqui Dean has announced that she will not be seeking re-election at the 2023 election. “I have advised the President and Leader of the National Party that I have decided not to put my name forward... More>>

Classification Office: Following Decision To Ban Manifesto The Buffalo Mass Shooting Livestream Is Now Banned
The livestream video of yesterday’s mass shooting in the United States has now been banned, Acting Chief Censor Rupert Ablett-Hampson announced this morning. The decision follows on from his decision yesterday to call in and ban the ‘manifesto... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels