With gas prices going up all over the country, there's debate over whether households should make the switch to electricity. 

Contact Energy recently revealed it's hiking gas prices by an average of 17 percent, as the decline in production has hit faster and harder than expected.

Master Plumbers CEO Greg Wallace says making the switch is a big decision - and could set households back by thousands of dollars.

"The costs are anything between five and a half to $10,000 dollars to change over, so that capital investment is a considerable investment, and that payback takes some time."

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With gas prices going up all over the country, there's debate over whether households should make the switch to electricity.&nbsp;
Contact Energy recently revealed it's hiking gas prices by an average of 17 percent, as the decline in production has hit faster and harder than expected.
Master Plumbers CEO Greg Wallace says making the switch is a big decision - and could set households back by thousands of dollars.
"The costs are anything between five and a half to $10,000 dollars to change over, so that capital investment is a considerable investment, and that payback takes some time."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Greg Wallace: Master Plumbers CEO reveals whether it's worth ditching gas for electricity

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0f196a82-6772-4bb7-8452-b37e004148d8/transcript