Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


On energy Cancels Electricity Price Rise

29 June 2001 on energy


On energy Cancels Electricity Price Rise

On energy announced today that it will not be proceeding with the electricity price rise planned for July.

When the increase was announced two weeks ago, On energy Managing Director John Barton gave a commitment to monitor the electricity market situation very closely, and to take whatever action the company could to protect customers.

“I’m still very concerned about the unprecedented wholesale prices and the operation of the wholesale market,” Mr Barton said today. “However, actions taken by On energy in the last two weeks have enabled us to cancel the proposed price increases for residential and small business customers.”

“We continue to urge customers to take care with their electricity use this winter as a reduction in demand can help relieve pricing pressure on the wholesale market.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>