Government Has No Plans To Stop Electricity Price Gouging

Date: 
Thursday, February 28, 2013 - 15:15
Issue: 
No Asset Sales

New Zealand First says National has no plans to halt the escalation of electricity prices which are destined to increase at a faster rate once the Government starts selling off its state-owned power companies.

Energy spokesperson Andrew Williams says household are in for a double-whammy attack from National that will see their electricity bills skyrocket.

“Once private investors have got their hands on our power companies then New Zealanders had better look out because electricity prices will go through the roof.

“But the news gets worse.

“National has removed the social responsibility clause under its seriously flawed Mixed Ownership Model programme to flog off our power companies.

“With no legislative requirement in place for social responsibility, the new owners of our power companies will have the green light to gouge electricity prices to the max.”

Mr Williams says the evasive answers today in Parliament from Gerry Brownlee, on behalf of Energy and Resources Minister Simon Bridges, should set alarm bells ringing.

“Research shows that New Zealand power prices have escalated far more rapidly than in the US, UK, Japan, France and South Korea.

“The Government’s asset sales programme will ensure this sad situation continues well into the future.”

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