Reward for turning off in power crises
Customers will be paid a weekly bonus in bid to keep electricity retailers in check
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.
The Govt's case for selling down some asset stakes sits on a three-legged stool. On examination it is not particularly sturdy.
Two more power providers are putting up prices, with some customers facing an 8 per cent rise.
Govt plans to partially sell some state assets, including power companies, could free up to $10bn, but critics say the move will lead to higher electricity prices and put too much control of strategic assets in foreign hands.
Cutting Auckland's carbon emmissions by 40 per cent by 2025 is among a raft of environmental goals announced by Mayor Len Brown this morning.
Wind generation has grown 10-fold since 2003, to more than 4 per cent today. This year alone wind capacity will grow nearly 25 per cent as three new wind farms are commissioned.