Power payout set to top $320
More than 300,000 Auckland power customers could get money next month.
More than 300,000 Auckland power customers could get money next month.
Profits at New Zealand's largest energy distributor, Vector, have risen 16.3 per cent, but the recession means growth in new connections has slowed and volumes are down.
Issues being raised include quality of installation, building code compliance and significant power bill increases.
A ministerial review has recommended setting up a $5m fund to promote the benefits of switching power companies.
Today's Government review will not see a quick drop in electricity prices, says the Herald's energy writer.
An energy review recommends overturning a ban on lines companies selling electricity, introduced due to fears they would abuse their market power.