![ASB, Vodafone hit for millions after power price spike](/pf/resources/images/placeholders/placeholder_l.png?d=795)
ASB, Vodafone hit for millions after power price spike
Soaring wholesale power prices last week have prompted complaints from 14 organisations, including ASB bank, Telecom, Vodafone and the owner of the Marsden Point oil refinery.
Soaring wholesale power prices last week have prompted complaints from 14 organisations, including ASB bank, Telecom, Vodafone and the owner of the Marsden Point oil refinery.
Scott Technology has bought a controlling stake in a local electromagnet maker and said it is looking at a rights issue to help fund the deal.
All elective surgery has been postponed at Auckland and Starship Hospitals as technicians scramble to fix a back-up power failure at Auckland and Starship hospitals.
Customers will be paid a weekly bonus in bid to keep electricity retailers in check
Mighty River Power is lifting its pre-tax earnings forecast by up to 7.5 per cent as it sees the benefits of $1 billion invested in new geothermal power stations.
A record number of NZ households switched electricity providers in January.
A haggling war has erupted in Auckland's electricity market as retailers chase customers for long-term commitment.
Overseas institutions will be keen on any partial float of the state owned power companies, says AMP Capital.