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23 Nov 2024 17:09
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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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     Today's News

    Environment:
    New Zealand golfers have charged up the leaderboard at the rain-shortened Australian PGA Championships in Brisbane 16:57

    Entertainment:
    Lizzo has bought Jeremy Renner's house in the Hollywood Hills for $12.4 million 16:39

    International:
    Five remaining Bali Nine members could soon be transferred to Australia 16:27

    Rugby:
    As he comes to grips with getting back in the saddle at 10, Beauden Barrett believes the nature of a first-five has changed over the last decade 16:17

    Entertainment:
    Lala Kent has "burnt a lot of bridges" with her 'Vanderpump Rules' co-stars 16:09

    Entertainment:
    Jaime King's custody case now involves the Department of Children and Family Services (DCFS) 15:39

    Law and Order:
    Police are continuing to enforce the new gang patch law, across the country 15:27

    Rugby:
    A belief Italy will be on a payback mission against the All Blacks in tomorrow's test encounter in Turin 15:17

    Entertainment:
    Sir Elton John's musical has announced it is closing, just days after it opened on Broadway 15:09

    Business:
    A proposed carbon tax is being touted to provide more price certainty for businesses 14:57


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