MRP to freeze energy price until April 2015, but transmission prices could change

Tue, 10 Dec 2013

By Paul McBeth Dec. 11 (BusinessDesk) - MightyRiverPower, the first state-owned power company to be partially privatised by the government this year, plans to keep the price it charges for electricity on hold until at least April 2015, but can’t guarantee transmission and distribution prices won’t rise. The energy component of a power bill is between 50 and 60 percent of the total and the Auckland-based company says it won’t move that element of its prices for gas or electricity residential customers as it waits for looming regulatory change...

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