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Bridget Abernethy: Electricity Retailers and Generators Association CEO on the Electricity Authority questioning power price hikes
Published 1 month, 4 weeks ago
Description
The big power companies are officially on notice, with electricity prices under scrutiny.
Household bills are climbing an average 8% this year – the same as last year.
But profits for the big four gentailers spiked 42% in the six months to December.
Electricity Retailers and Generators Association Chief Executive Bridget Abernethy told Mike Hosking the reliable and modern power delivery Kiwis expect comes at a cost.
She says a range of factors are occurring together, requiring an increase in spending.
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