The country's second-largest electricity gentailer says rising electricity prices are the result of rising lines charges.

Inflation's now back up at three-percent.

The single biggest driver is electricity prices - which have increased 11.3 percent in the past year.

Contact Energy Chief Executive Mike Fuge says electricity firms are having to pass on the fixed lines charges that cover the cost of infrastructure.

He says they rose by about 20-percent last year and about 16-percent this year.

LISTEN ABOVE

The country's second-largest electricity gentailer says rising electricity prices are the result of rising lines charges.
Inflation's now back up at three-percent.
The single biggest driver is electricity prices - which have increased 11.3 percent in the past year.
Contact Energy Chief Executive Mike Fuge says electricity firms are having to pass on the fixed lines charges that cover the cost of infrastructure.
He says they rose by about 20-percent last year and about 16-percent this year.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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Mike Fuge: Contact Energy Chief Executive says line charges are responsible for increased energy prices

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dd85d77b-6b12-43d6-a72e-b37c013bd766/transcript

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