Greens propose KiwiPower, a new public energy company backed by $980m

The Green Party wants to set up KiwiPower, a publicly-owned energy company, with $980 million over four years. Co-leaders Chlöe Swarbrick and Marama Davidson launched the plan at Dunedin's Gasworks Museum. Swarbrick said 200,000 households can't afford to heat their homes while four big firms control over 85 percent of the market. Funding depends on the Greens' proposed wealth, corporate, and inheritance taxes.