CONTACT POWER PRICE INCREASE : LABOUR DOES NOTHING AGAIN

Despite talking tough on Contact Energy's latest price increase Minister's Lianne Dalziel and David Parker are going to do....nothing.

They took the issue to cabinet today and, predictably, the cabinet decided to sit on its collective hands again.

Helen Clark says the Government will hold off acting on rising power prices until three investigations into the electricity market are completed.

Those investigations will not be completed until the end of the year - and National, with a different agenda altogether, will be in government.

Clark, laughably, says these three investigations will 'show' whether there is 'sufficient competition in the market'.

How much proof does she need?

We already know there is no competition, we all know the deregulated electricity market is an absolute failure, we all know prices continue to skyrocket.

And we know we are stuck with a bunch of free market politicians who lack the political will to act.