The Green Party has unveiled a $3 billion energy plan, with a central component being a new $980 million publicly owned energy company, Kiwipower. This entity would focus on investing in renewable energy sources specifically for back-up generation, addressing concerns about grid stability. The proposal also aims to increase competition within the energy market by compelling major electricity retailers to share their existing firming capacity with smaller competitors. Funding for the four-year package would primarily come from a proposed tax on the wealthiest New Zealanders. The Greens argue this investment is crucial for a transition to a fully renewable energy system and ensuring affordable energy access. The plan seeks to bolster New Zealand's energy independence and reduce reliance on fossil fuels. Ultimately, this initiative reflects the party’s commitment to climate action and a more equitable energy landscape.