New Zealand Energy Market Inquiry Proposed
The electricity authority has requested that power companies explain their current pricing structures. One resident stated they have had to set aside extra money from their paycheck to cover the higher bills.
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Sources · 7 independent
RNZ National
“this week, the electricity authority has asked power companies to explain their pricing. On the streets of Wellington people told us that they are struggling with the costs.”
RNZ National
“the increase in prices of 12%. That's an extraordinarily weak regulatory system and it is an extraordinarily weak market.”
RNZ National
“We'd have to have a Royal Commission or some very high level extensive inquiry into the whole market. Otherwise, we, the consumers, simply face, and industry does too.”
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