Stuart Nash has got some brains, and he is challenging the Labour party to ditch their stupid power policy.
Labour’s controversial power-pricing plan is in the firing line, with energy spokesman Stuart Nash urging the party to dump the “questionable” policy.
The party is reviewing its manifesto after last year’s crushing election defeat. Nash is working on a discussion paper which proposes that NZ Power be dropped in favour of promoting cheaper solar power.
The brainchild of ex-finance spokesman David Parker, NZ Power would see the creation of a new state agency to buy electricity wholesale and bring down prices. It was announced in tandem with the Greens two years ago.
But critics said it would damage the renewable energy sector – and Nash, who took on the energy portfolio in November, agrees. He also believes the market is competitive.
“It will be my very strong recommendation that we drop NZ Power,” he said. “There are very few people that think it is a policy that’s needed in 2015. Maybe 10 years ago there was a strong argument for it, but not now.
“We have got a regulatory framework – the Commerce Commission and the Electricity Authority – which is out there looking at predatory behaviour, and also with a strong mandate to foster competition . . . you could argue that the level of competition necessary to drive prices down is coming in.” Read more »