Power companies absorbing some cost increases as competition rises, says regulator

Tue, 04 Feb 2014

By Pattrick Smellie Feb. 5 (BusinessDesk) – Electricity companies are absorbing nearly twice as much new cost as they’re passing on to their customers as the retail market for power becomes increasingly competitive, the industry’s regulator, the Electricity Authority, says. Analysis from the EA says the costs facing a theoretical stand-alone retailer have risen faster than residential prices since September 2010, when the authority’s pro-competition agenda started to get into full swing. “The new analysis shows the costs incurred by electri...

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