RESEND Electricity Authority says prices blame game ‘unacceptable’

Thu, 06 Mar 2014

(Fixes CEO’s name in 5th graph) By Suze Metherell March 6 (BusinessDesk) - The Electricity Authority will investigate contradictory pricing claims in the sector, saying it is "unacceptable" for energy retailers to blame other parts of the sector for price hikes. Both Genesis Energy and Contact Energy have announced price increases from April to offset increased costs from higher transmission and distribution fees. However lines and distribution companies say the new prices exceed the additional costs imposed on consumers. In one case, net...

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