New Zealand First Deputy Leader and Energy Spokesperson Fletcher Tabuteau has accompanied the Minister of Energy and Resources in releasing the discussion document of the Electricity Price Review.
This is the first stage in executing the commitment in the Coalition Agreement to a full-scale review into retail power pricing which has been a long term New Zealand First policy.
The discussion document examined the sector in terms of measures such as, efficiency, fairness and affordability. It identified and confirmed many of our concerns around the causes of high power prices in New Zealand.
The document has highlighted the lack of understanding around different pricing plans and the division between the consumers who are able to and do actively shop between power providers and enjoy cost savings as a result versus those who do not reap these rewards. It also examined the difference in pricing between businesses and residential property.
The next stage will be to address the problems identified in the document. The panel will be developing practical solutions to recommend to the Government that will have long-term benefits. The panel will be accepting submissions from the public up until the 23rd of October 2018 to consider within their recommendations.
New Zealand First is committed to ensuring that every New Zealander is able to afford their power.
For the full report please visit the Ministry of Business, Innovation and Employment website or follow the link below.