Flick Electric unfazed by prospect of higher wholesale power prices

Sun, 30 Aug 2015

By Joshua Riddiford Aug. 31 (BusinessDesk) - Flick Electric, the electricity retailer which passes on wholesale prices directly to consumers, is unfazed by the prospects of scaled-down generation in New Zealand driving prices higher. New Zealand’s major electricity generator-retailers have been scaling back their investment intentions and closing older gas and coal-fired power stations as demand stalled in recent years. Contact Energy, Mighty River Power and Genesis Energy have announced plans to cut more than 1,000 Megawatts of generatio...

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