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Electricity prices bite as Genesis raises rates

Author
Newstalk ZB,
Publish Date
Wed, 24 Jan 2024, 10:18am
Photo / File
Photo / File

Electricity prices bite as Genesis raises rates

Author
Newstalk ZB,
Publish Date
Wed, 24 Jan 2024, 10:18am

Electricity prices are continuing to bite as kiwis deal with a scorcher of a summer. 

Genesis Energy is raising its prices for the second time in the span of eight months, increasing rates for 11% of their customers. 

Inflation is being blamed. 

Genesis’ Chief Retail Officer Stephen England-Hall told Tim Dower that the cost of energy is growing with demand, as kiwis seek to decarbonize their lives and increase their electricity usage as a result. 

He said that they’re trying to be as fair and reasonable as they can, as they’re very conscious of the cost-of-living crisis.  

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