Measures to improve the New Zealand electricity system will give consumers confidence that power bills will not keep skyrocketing.
Our reforms, introduced this week, will also increase security of supply, and ensure effective and streamlined governance.
Power bills climbed rapidly during the previous government’s term, well above the rate of inflation. We also faced many power shortages in dry years.
Among our initiatives is a requirement for generators to compensate consumers if consumers are asked to save electricity through a national conservation campaign.
The Electricity Industry Bill will improve retail competition, while ensuring that signals for investment in new generation are clear.
More information:
http://www.beehive.govt.nz/release/energy+sector+transformation+benefit+consumers
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