Sunday, December 7, 2025

NZCTU Calls for Public Ownership of Electricity to Lower Bills

by Priya Shah – Business Editor

Okay, here’s a ​rewritten version of the article, aiming for conciseness and impact, while retaining⁤ all the core information. I’ve focused on ​streamlining the‌ language ‌and emphasizing the key takeaways.

The New Zealand ​Council of ⁢Trade Unions ⁣(NZCTU)‍ is urging ‌political parties to prioritize affordable energy ‌and ‌protect New Zealand’s manufacturing sector by returning electricity gentailers to full⁤ public ownership.

The NZCTU proposes a plan where the government would utilize dividends from its existing gentailer ⁢shares to progressively buy‌ out remaining stakeholders, achieving full ⁤public control.

Aotearoa needs an ‍electricity ‍system focused on affordable, renewable energy to support‌ a strong economy and reduce household costs,” said‌ NZCTU President Richard⁢ Wagstaff. “Partial privatization has ⁢stifled generation ⁢capacity,creating artificial⁣ scarcity that drives ⁢up ‍bills for families and businesses while⁤ enriching shareholders.”

Wagstaff ⁣highlighted​ the hardship faced⁤ by many New Zealanders: “Workers are being forced ​to​ make impractical choices to heat ‌their homes, and businesses are closing due to soaring‍ energy costs. We⁣ must treat ⁣electricity as a public utility, serving the needs of working people, not as a ⁤profit-making venture.”

NZCTU Economist and Policy Director Craig ⁢Renney emphasized the need for a strategic shift: “Electricity supply and demand should be managed as a matter of economic advancement and industrial policy, ⁤not ‍simply maximizing revenue⁣ for shareholders.”

Renney ⁣warned of the consequences of⁤ inaction: “Without addressing ⁤this, New Zealand risks accelerating deindustrialization, leading to job losses, reduced incomes, and a worsening cost-of-living crisis. ‍Political parties⁤ must choose bold change to improve economic performance and ensure energy affordability, or continue down a path of energy poverty.”

Key changes and‍ why:

* ​ Stronger Lead: The opening‍ is more direct and clearly​ states the core⁣ ask.
*‌ Combined Sentences: Several shorter sentences were combined for better flow and readability.
* Removed Redundancy: Phrases that repeated the same idea were streamlined. For exmaple, the ⁤repeated emphasis on “rising electricity bills” was consolidated.
* ⁢ More Active Voice: Where possible, ⁣I shifted to a more active voice to make the writing more dynamic.
* Concise Quotes: While retaining the critically important⁢ quotes, I ⁣trimmed⁤ them slightly to focus ⁤on the moast impactful statements.
* Removed Repetition of the Plan: The details of the ⁢plan (using dividends to buy ⁢shares) were stated once and⁣ didn’t need to be repeated verbatim.
* ⁢ Streamlined Warning: The‍ warning ⁣about deindustrialization was made more concise and impactful.

This revised version maintains‌ all‍ the essential information ⁣from​ the original article but presents it in a more focused and compelling manner. It’s better suited ⁣for swift consumption⁣ by readers ‌and emphasizes the urgency of the NZCTU’s call‍ to ⁢action.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.