CORRECT: Retail electricity margins unsustainably high, broker says

Wed, 26 Nov 2014

(Fixes MRP trading price in 10th graph) By Pattrick Smellie Nov. 26 (BusinessDesk) - Electricity companies' margins on retail electricity tariffs are unsustainably high and will spur ongoing competition in the sector, to the detriment of companies like Genesis Energy, which is heavily skewed towards a residential customer base, says a new report on listed New Zealand electricity stocks by Grant Swanepoel at Craigs Investment Partners, a local arm of Deutsche Bank. While profit margins for electricity sales for commercial and industrial...

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