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.