Molly Melhuish was one of dozens of oral submitters on the
Privatising Your Assets Mixed Ownership Model Bill yesterday – all of them opposed.
She presented research showing that the average price of power from a private provider is 3.31 c/kWh higher than from an SOE. The difference amounts to $265 a year.
Contact Energy’s boss has talked about the need for prices to rise further to make a sufficient profit for private investors. The implication is privatisation will remove the shackles. We won’t just see the SOEs move up to the price level of the private companies – the whole market will shift upwards.
Can someone tell me why it’s a good idea to sell our energy assets so that big profits can be made off them by someone else? National’s MPs on the select committee clearly had no answer.