UPDATE Privatisation candidate drops power prices 1.4 percent

Mon, 21 Jan 2013

(emphasises that the 1.4% cut is an average in a new third sentence) By Pattrick Smellie Jan 21 (BusinessDesk) - Mercury Energy, the electricity retailer owned by partial privatisation candidate MightyRiverPower, has announced its first across the board price cuts in a decade. The cuts average 1.4 percent for most of its customers in its home territory, Auckland, and will apply from April 1. Individual customers may see smaller or larger decreases, and in some cases an increase. The cut is credited to an order by the government's competit...

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