Tag Archives: Privatisation

Reduce NZ debt vs increased power prices

The National government plans to partially sell some state assets, including power companies that could free up to $10 billion. However, analysts have indicated that this could lead to higher prices for consumers and put control of these assets in foreign hands. The power companies involved are Mighty River Power, Meridian and Genesis – and coal company Solid Energy. Also the Government want to reduce its shareholding in Air New Zealand from 76 per cent to 51. In response to this Prime Minister John Key stated that prices went up 72% when the Government owned 100% of the assets.

Read more from the NZ Herald.