The Taxpayers’ Union is slamming the Green Party’s idea
to blow what it estimates to be $980 million on a fourth
energy company when the Government already owns majority
shares of three. Taxpayers’ Union spokesperson Tory Relf
said:
“Taxpayers already own majority shares of
Meridian, Mercury, and Genesis. Nationalisation would be one
thing, but the Greens have invited a harebrained scheme to
blow nearly a billion on creating a fourth.”
“What’s
worse is that even if Kiwipower worked, it would work to
destroy the value of the ‘family silver’, the Greens say
they want to protect.”
“The Greens can’t have it both
ways. Instead of trying to create a solar energy company to
kill the companies taxpayers already own, New Zealanders
would be far better off if politicians got out of the way
and focused on deregulation to maximise competition and
options in the energy sector to drive down energy
prices.”
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