Labour-Greens to rip up the book on electricity pricing

Thu, 18 Apr 2013

By Pattrick Smellie April 18 (BusinessDesk) - The Labour and Green parties have promised to rip up the existing electricity market model, returning to a centrally planned electricity system, a single state-owned power buyer, and breaking up the integrated generator-retailer electricity companies. Announced on the eve of the partial privatisation of state-owned MightyRiverPower, the announcements have a triple political purpose: to show a united Labour-Green front, a politically powerful offer to cut power prices, and to put a further spoke i...

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