As covered here yesterday, Labour has signaled that they intend to reform the electricity market so as to lower prices for consumers.
The initial announcement signaled little detail, and the usual critics and spinsters squawked as usual that Labour wouldn’t or couldn’t deliver. Well they’re wrong. David Shearer (ht TRP in comments) has the following post on Facebook:
This Thursday at noon Green Party Co-leader Dr Russel Norman and I will hold a joint press conference to unveil policies to bring down power prices and give Kiwi households some financial relief.
Here’s my prediction. This announcement will be bold. Capital gains tax bold. KiwiBuild bold. Labour isn’t planning to sit around and wait for the next election to fall in to their laps, they are going to be offering, in collaboration with the Greens where possible, a clear and strong alternative. The announcement on Thursday will be part of that strategy.