10 Dec 2009

Farmers like electricity reforms

12:56 pm on 10 December 2009

Compensation measures in the Government's electricity reforms appeal to farmers.

The proposed reforms, aimed at boosting competition in the electricity market, include switching assets between State-owned power generation companies, replacing the Electricity Commission, allowing lines companies back into retailing, and compensation for consumers during power conservation campaigns.

Federated Farmers says farm power costs have risen by more than 60% in the past five years.

It says the reforms, which still have to go through Parliament, may not lead to lower electricity prices, but it would be an achievement, if they're kept in line with the inflation rate.