Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Electricity Retailers Welcome a Review

Electricity Retailers Welcome a Review for the Future and for Fairness


The Electricity Retailers’ Association of New Zealand (ERANZ) welcomes the terms of reference for the Government’s review of power prices, announced yesterday.

Chief Executive Jenny Cameron says it’s a timely review, given the changes for the electricity system based on new technology.

“This is not just about price, it’s about the future of energy in New Zealand, and ensuring customers have an electricity system that meets their needs.

“We welcome a look at the costs for customers and whether they are fair, equitable and efficient. We also support the inclusion of a review of the low-fixed charge and its impact on different customer groups, and if the sector is ready for taking up new technology.

“There may be a perception that electricity prices are high, but they have been flat in real terms over the past five years and are running below the rate of inflation and below the rise in other household consumables. Electricity now comprises just 2.9% of the average weekly household budget.

“Nevertheless, we know that some people struggle to pay their bills, and we want to help find multi-dimensional solutions to ease that.

“We look forward to working with the government on this review.”


ENDS


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.