No guarantee of lower prices from Labour, Greens power policy

Mon, 10 Feb 2014

By Pattrick Smellie Feb. 10 (BusinessDesk) – Power prices could be expected to rise if the Labour and Green parties’ electricity policy is adopted using the high historic cost of building some of the country’s largest hydro dams, a research paper prepared for Business New Zealand claims. Produced by the Wellington consultancy Sapere, which advised on the government’s 2010 electricity reforms, the paper also doubts the Labour-Greens NZ Power policy would have the desired effect on energy poverty. Instead of moving to a centrally planned mode...

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