Ownership no price guarantee

Labour's 'No Asset Sales” slogan implies that National's assets sales via the 'mixed ownership model” of our energy companies will be detrimental to consumers.
Labour's slogan infers that Kiwis will lose control of these assets and that electricity prices will rise.
The Labour Party's mantra also implies that keeping 100% ownership of these SOE's within the state's assets will ensure stable electricity pricing.
The facts are, that under the Helen Clark Govt, retail electricity prices rose by 72% over 9 years.
Labour's Minister of Energy at the time was David Parker, a current member of Goff's front bench. Why did electricity prices rise so rapidly under Parker's watch?
Struggling consumers and pensioners complained loudly to both the power companies and the Minister but the Govt were coining massive profits so chose to ignore their community's hardship pleas. So much for Goff's insinuation that a Labour Govt can be trusted to keep electricity prices down.


Max Lewis, Mt Maunganui.

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