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Vector profits up 16pc, revenue dips in recession
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.
Poorly installed heat pumps spark deluge of complaints
Issues being raised include quality of installation, building code compliance and significant power bill increases.
Contact Energy profits halved to $117m
Contact Energy has unveiled full year profits of NZ$117.5 million, exactly half last year's NZ$237.1 million after a shocker year of coinciding negative factors.
Contact Energy profits fall 50pc to $117m
Contact Energy has reported a 50.4 per cent fall in full year net profit to $117.5 million, hurt by transmission constraints and the need to buy electricity at high wholesale prices in last winter's drought.
Power-switch campaign in the pipeline
A ministerial review has recommended setting up a $5m fund to promote the benefits of switching power companies.
<i>Grant Bradley:</i> Low power prices? Don't hold your breath
Today's Government review will not see a quick drop in electricity prices, says the Herald's energy writer.
Lines companies should be allowed to retail power - review
An energy review recommends overturning a ban on lines companies selling electricity, introduced due to fears they would abuse their market power.