New Electricity SOE Brings Cheaper Wholesale Power
Press Release: New Zealand Government
Date: Friday, 16 July 1999
SOE Minister, Tony Ryall, today officially
opened the Manukau
City headquarters of baby-ECNZ Genesis Power Limited.
Genesis is one of the three
electricity generation and
retail companies formed from the former ECNZ on 1 April this
year as part of the Government's plan to give New Zealanders
a better deal on electricity.
"Following the ECNZ split in April,
wholesale power prices fell
dramatically" said Mr Ryall, speaking in Manukau.