Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Power prices soar on the eve of winter

Energy Spokesperson

18 April 2014

Power prices soar on the eve of winter

On the eve of winter as New Zealanders are turning on their heaters, power prices have soared sky high, Labour’s Energy spokesperson David Shearer says.

“Energy Minster Simon Bridges claimed in Parliament that prices were estimated to rise 2.4 per cent over the six months from February to August.

“Last month, many regions exceeded that in just one month.

“In parts of Waikato, Wellington, Tauranga and Christchurch some power company prices have jumped over 6 per cent in just a month. Other companies have hiked their prices up a staggering 10 per cent in a month.

“Prices are out of control and totally unreasonable for people facing high power bills with winter coming. It is simply not fair for Kiwis to face those sorts of bills.

“In Auckland prices have gone up around 1.5 per cent in one month. These projections will blow Simon Bridges estimates in just two months.

“The increases have been picked up on the PowerSwitch website. It tracks power prices and its latest update records the power bill hikes that many Kiwis experienced when they received last month’s bills.

“Just four weeks ago, John Key dismissed those increases in family power bills, saying it was Transpower charges – something Transpower quickly refuted. These latest increases dwarf anything Transpower could pass through.

“The electricity market is clearly broken. With electricity demand falling but prices soaring, prices should be going down, not up. The Key Government is defending a system which results in higher bills for families to maintain higher profits for newly privatised power companies.

“Genesis, the company that was sold off in the past week has been the worst culprit beating others on the magnitude of its price rises, across most regions.

“Labour’s NZ Power policy will reduce prices by hundreds of dollars a year and stem the ever increasing cycle of power price rises,” David Shearer says.

Results from the PowerSwitch website

Simon Bridges said power prices would increase 2.4% from 1 February to 1 August this year.

The latest PowerSwitch data shows significant price hikes taking place in most areas of New Zealand in just the last month that are in excess of 2.4%.

Prices are likely to rise far more than Bridges has claimed. Already rises up to 10% in one month have been recorded.

The statistics below are just for power price increases for the average consumer so some individuals will face even larger increases.

Major increases to annual bill from March to April this year by area:


• Powershop is up from $2,155 to $2,280 - $125 or 5.8%
• Contact is up from $2,169 to $2,293 - $124 or 5.7%
• Meridian is up from $2,181 to $2,314 - $133 or 6.1%
• Genesis is up from $2,228 to $2,384 - $156 or 7%
• Mercury is up from $2,252 to $2,385 - $133 or 5.9%
• Nova is up from $2,253 to $2,386 - $133 or 5.9%


• Nova is up from $2,044 to $2,235 - $191 or 9.3%
• Contact is up from $2,060 to $2,148 - $88 or 4.3%
• Genesis is up from $2,204 to $2,356 - $152 or 6.9%
• Powershop is up from $2,206 to $2,409 - $203 or 9.2%


• Contact is up from $2,102 to $2,213 - $111 or 5.3%
• Nova is up from $2,132 to $2,350 - $218 or 10.2%
• Meridian is up from $2,181 to $2,301 – $120 or 5.5%
• Genesis is up from $2,191 to $2,309 - $118 or 5.4%
• Mercury is up from $2,201 to $2,321 - $120 or 5.5%
• Powershop is up from $2,217 to $2,328 - $111 or 5%


• Powershop is up from $2,083 to $2,107 - $24 or 1.2%
• Mercury is up from $2,140 to $2,209 - $69 or 3.2%
• Genesis is up from $2,153 to $2,261 - $108 or 4.7%
• Nova is up from $2,172 to $2,285 - $114 or 5.2%
• Contact is up from $2,278 to $2,341 - $63 or 2.8%
• Meridian is up from $2,361 to $2,429 - $68 or 2.9%
• Trustpower is up from $2,478 to $2,547 - $69 or 2.8%

Auckland Central/Manukau

• Contact is up from $2,018 to $2,046 - $28 or 1.4%
• Powershop is up from $2,127 to $2,149 - $22 or 1%
• Nova is up from $2,156 to $2,172 - $16 or 0.7%
• Meridian is up from $2,149 to $2,180 - $31 or 1.4%
• Genesis is up from $2,204 to $2,284 - $80 or 3.6%
• Mercury is up from $2,251 to $2,282 – $31 or 1.4%


• Nova is up from $1,907 to $2,015 - $108 or 5.7%
• Powershop is up from $1,948 to $1,992 - $44 or 2.3%
• Contact is up from $1,948 to $1,996 - $48 or 2.5%
• Genesis is up from $1,981 to $2,074 - $93 or 4.7%
• Mercury is up from $2,081 to $2,134 - $53 or 2.5%

Data for more areas is available on the Powerswitch website at: https://www.powerswitch.org.nz/powerswitch/price-trends/graphs

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Housing Issues: Homelessness On The Horizon For Baby Boomers

Baby Boomers who have held down jobs and contributed to the well-being of New Zealand through their taxes may yet become homeless in late middle age or early retirement without urgent Government action, says The Salvation Army. More>>


Treasury Has Doubts On Christchurch Rebuild And... Auditor-General Follows Up On EQC

Despite the improvements made, EQC could still learn better from complaints and improve its customer focus and interactions... Although the programme is nearing completion, EQC needs to provide the best service possible for the home owners whose homes are still to be repaired. More>>


Man Who Banned 'Into The River' Out The Door: Appointments To The Film And Literature Board Of Review

Internal Affairs Minister Peter Dunne has announced seven appointments to the Film and Literature Board of Review... “The new members of the Board... will provide a strong mix of skills and experience to help the Board carry out its functions, while representing a cross-section of society.” More>>


Climate Marches: New Zealanders March For Solutions Not Pollution

Ahead of the UN Climate Summit in Paris more than 15,000 New Zealanders have taken part in the Peoples Climate march in Auckland, kicking off the largest climate mobilisation the world has ever seen... More>>


Labour: Little Announces New Shadow Cabinet

“Labour had an impressive intake of fresh faces after last year’s election and newest MPs have now had a year to show what they’re made of. This reshuffle rewards hard work and continues my drive to renew our Caucus line up." More>>


Because Reasons: Someone Reckons David Seymour Is Politician Of The Year

Trans Tasman's 11th annual Roll Call has thrown a curve ball this year, ignoring the likes of John Key, Bill English, and Winston Peters to pick its politician of the year from the ranks of the new generation. More>>


Whaling: NZ Deeply Disappointed By Japan's Decision

“New Zealand is strongly opposed to whaling in the Southern Ocean. We call on Japan to take heed of the 2014 International Court of Justice decision and international scientific advice concerning their whaling activities.” More>>


Relevant Consents Gained: Government Unveils RMA Reform Package

The government has formally hauled down the flag on its attempts to alter the balance of environmental and economic priorities in the Resource Management Act, unveiling a 180-page Resource Legislation Amendment Bill containing reforms that have been largely endorsed by most political parties. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news