Electricity industry concession to go earlier
Wellington reporter The introduction of the 22 per cent South Island power differential on April 1 will allow the old industry concession to be phased out a year earlier than planned. The Minister of Regional Development, Mr Burke, announced yesterday that it would be removed at the end of next month. Initially it was to be
phased out at March 31, 1987, after having been reduced in the 1984 Bud-, get from 25 per cent to 10 per cent. Mr Burke’s announcement did not provoke any particular reaction from the director of the Canterbury Manufacturers’ Association, Mr lan Howell. He said the old concession had been on the way out anyway and that the
association supported, in fact fought for, the 22 per cent differential because it benefited all South Island users — domestic and industrial. Mr Burke estimated the benefit to be worth about $4l million a year. He said that all eligible claims would be honoured provided that they were lodged within six months of the concession expiry date.
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Press, 12 February 1986, Page 8
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176Electricity industry concession to go earlier Press, 12 February 1986, Page 8
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