Switched on customers to gain from power firm price war
A haggling war has erupted in Auckland's electricity market as retailers chase customers for long-term commitment.
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.
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.
Electricity has been restored to the 5500 Wairarapa households that suffered power cuts after strong winds snapped power poles yesterday.
Todd Energy is to build a $100m gas-fired power station near Waitara in Taranaki.
Power has been restored to Napier after a felled tree shortcircuited a cable supplying electricity to more than 21,000 people.
The death of a man whose breathing apparatus stopped during a power cut has been referred to a coroner.