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23 Nov 2024 14:09
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  •   Home > News > Business

    A view it's unfortunate, but inevitable, that power bills are set to rise soon

    A view it's unfortunate, but inevitable, that power bills are set to rise soon


    Transpower and local lines companies have been given the green light for higher revenue increases - for more investment and maintenance - by the Commerce Commission.

    It's estimated the average household energy bill will rise by around 10 dollars a month.

    Powerswitch manager Paul Fuge says there are questions on why prices don't resemble the cost of production.

    He says you can produce solar electricity at 11 cents a kilowatt an hour -- but buy it from the grid at 35 cents.

    © 2024 Newstalk ZB, NZCity

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