Electric Kiwi stops recruiting customers due to high wholesale electricity prices

Electric Kiwi stops recruiting customers due to high wholesale electricity prices
Electric Kiwi says gentailers are making electricity too expensive. (Image: Getty)
Ian Llewellyn
Independent energy retailer Electric Kiwi says it can no longer take on new customers because extremely high wholesale electricity prices made it unprofitable.Chief executive Luke Blincoe said: “Wholesale energy prices have increased by nearly 50% in the past six months, and current wholesale energy futures prices (these are the products that we buy in order to supply energy to our customers) have now reached a point where every new customer would be loss-making for our business.  “We can’t accept our existing customers p...

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