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.
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