Grey Power Questions Labour's Energy Policy

The Grey Power Federation believes that comments attributed to Stuart Nash Labour’s energy spokesman in the Southland Times of the 31st March need to be addressed.

“If Stuart Nash believes that the level of competition in the electricity market necessary to bring prices down is coming in, where is the evidence of this?” Asks Grey Powers national president Terry King.

Again from Terry King, “From Grey Power’s perspective while ever the market is controlled by generator/retailers (gentailers) there is little likelihood of any significant price reduction.”

It is Grey Powers contention that retailers cannot also be generators.

Stuart Nash is also advocating that Labour drop the “NZ Power” scheme which was part of Labour’s energy policy for the last election, but in favour of what?

Grey Power would like to see some clear policy direction from Stuart Nash, not general comments such as “consumers were getting smarter” and that, “with 27 retailers in the market place energy prices are falling”.

These comments tell us nothing, Grey Power requires evidence of falling prices, the evidence that Grey Power has is that this is not the case at all.

“The competition in the retail market is not the driver for electricity pricing, but the wholesale market where there is little or no competition and where the price is being driven from.” Says Terry King.

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