Free Market Best for Energy Consumers

act-new-zealand

Tue Apr 11 2006 12:00:00 GMT+1200 (New Zealand Standard Time)

Free Market Best for Energy Consumers

Tuesday, 11 April 2006, 2:23 pm
Press Release: ACT New Zealand

Free Market Best for Energy Consumers, Generators and Environment

Rodney Hide Tuesday, 11 April 2006 Press Releases - Energy

A new book by two Victoria University researchers, criticising Labour's regulation of the electricity market, is being welcomed by ACT Leader Rodney Hide.

"Once again, Labour's craving for a regulated market is being debunked", Mr Hide said.

"The book, to be launched tomorrow, concludes that pro-market reforms provided greater security of supply than Labour's regulated energy environment.

"Red tape and regulation, including the Resource Management Act, is preventing the construction of adequate energy infrastructure.

"Labour knows we need to invest in infrastructure - letting Kiwis spend another winter under the threat of blackouts is intolerable.

"What we need is more market and less government.

"Reducing red tape would let construction of new generation get underway - ending our reliance on hydro power and fossil fuels.

"ACT has promoted competitive supply and an unregulated electricity market since 1996. We still believe that a free market in energy would be best for consumers, generators and the environment.

"As we head for another winter of power shortages, Labour has to decide - either turn the lights out on Kiwis or relax the red tape", Mr Hide said.

ENDS

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