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9 Sep 2024 0:25
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  •   Home > News > Business

    Electricity bills could again head upwards

    Electricity bills could again head upwards


    Stats NZ figures compiled by Newstalk ZB show household electricity inflation's trended down for years -- from 10.4 percent in the year to June 2004, to 3.5 percent this June.

    But wholesale electricity has recently risen dramatically.

    Consumer's Powerswitch price-comparison-website, Manager, Paul Fuge, says that could be passed on to consumers in coming months.

    He says most power retailers have hedged for retail customers, buying when prices were lower, but the wholesale rise will eventually flow through.

    © 2024 Newstalk ZB, NZCity

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    The Regulation Minister believes more rules on grocery stores won't improve the state of the sector More...



     Today's News

    International:
    Paralympics 2024: Australia's Curtis McGrath finishes fourth in para canoe final, Madison de Rozario wins marathon silver 23:37

    Rugby:
    A horrible sense of deja vu for the All Blacks following their 18-12 loss to South Africa in Cape Town 21:57

    Motoring:
    MetService has lifted it's snowfall warning for SH94 The Milford Road 21:17

    Law and Order:
    Police are continuing to investigate a violent assault on an Auckland bus driver yesterday 18:57

    Law and Order:
    A man who robbed Christchurch cafe Sign of the Kiwi is revealed to have a much longer criminal past 18:37

    International:
    How often should you change kitchen sponges, cloths and brushes? 18:27

    International:
    Thousands gather for 'once-in-a-lifetime' experience of holy mass with Pope Francis in Papua New Guinea 18:17

    Rugby League:
    The Sharks have notched up a statement 40-20 win over the Sea Eagles in Manly ahead of the NRL finals 18:07

    Law and Order:
    A gang brawl in Porirua has landed one person in hospital and two in custody 17:27

    Rugby League:
    The coveted eighth and final spot in the NRL finals will be up for grabs when the Knights host the Dolphins in Newcastle 16:57


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