Energy

5% higher power prices (but that's not bad)

Ian Llewellyn
Thu, 16 Jun 2022

5% higher power prices (but that's not bad)
Recent power bill price rises do not tell the full story, says one industry representative. (Image: Depositphotos)
Ian Llewellyn
Thu, 16 Jun 2022
A 5.2% annual increase in household electricity bills is not bad when seen in their wider context, a power lines company representative says.The chief executive of the Electricity Networks Association, Graeme Peters, said the analysis reported yesterday by BusinessDesk undermined stories that power prices had recently soared.“The data shows that, contrary to claims that electricity prices rose sharply on April 1, across New Zealand this hasn’t been the case in average terms. "While it is true that some lower users would be...

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