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Consumer NZ's signals concern over a historically high profit made by our biggest power companies.

Author
Newstalk ZB,
Publish Date
Thu, 31 Aug 2023, 2:00pm
(Photo \ File)
(Photo \ File)

Consumer NZ's signals concern over a historically high profit made by our biggest power companies.

Author
Newstalk ZB,
Publish Date
Thu, 31 Aug 2023, 2:00pm

Consumer NZ's signalling concern over a historically high profit made by our biggest power companies.

Meridian, Contact, Genesis and Mercury made a combined 2.7 billion in operating profits in the past year - the largest single-year profit ever..

Consumer NZ estimates during that time, 40 thousand households couldn't afford power.

Chief Executive Jon Duffy says making profits is a normal part of business - but consumers also need to be benefit.

He joined James Daniels and Tyler Adams on the show.

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