Overpayment for electricity a myth, says govt consumer watchdog

Mon, 27 Jan 2014

By Pattrick Smellie Jan 28 (BusinessDesk) – Claims that consumers have over-paid for electricity for 30 years are a “myth”, says the head of the Electricity Authority, Carl Hansen, with new analysis showing consumers have never paid the full historic cost of building the country’s power stations and national grid in that time. The peer-reviewed EA report, “Analysis of Historical Electricity Industry Costs”, shows that “electricity charges in New Zealand were far below the cost of supply for many decades.” The analysis confirms that resident...

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