Greens propose KiwiPower, a new publicly-owned energy entity, backed by $980 million

The Green Party has proposed creating KiwiPower, a new publicly-owned energy entity, backed by $980 million over four years. Co-leaders Chlöe Swarbrick and Marama Davidson unveiled the plan at Dunedin's Gasworks Museum. Swarbrick said 200,000 households cannot afford to heat their homes while four big power companies control over 85 percent of the market. Funding is contingent on the Greens' proposed wealth, corporate, and inheritance taxes.