John Key is wrong yet again with his claims that Labour’s power policy will see a rise in power bills due to the emissions trading scheme – the truth is in future the ETS will have less of an impact on power bills than it does now, says Labour’s Finance spokesperson David Parker.
“Under Labour’s power plan, all Kiwis will see their power bills reduced by $230 – $330 a year. Under National they will go up. National knows that matters to New Zealanders and is desperate to undermine the policy with a series of misrepresentations.
“Under Labour’s proposed changes generators will be paid for their actual costs. The ETS will only apply to electricity production that actually generates carbon, when 75 per cent of production is low carbon. Currently the carbon price impacts on other electricity generation.