Mercury Energy to cap residential power price rises at inflation rate
Mercury Energy says it will limit residential electricity price increases to at or below CPI inflation as it passes through network costs.
Mercury Energy's chief executive has committed to keeping residential power price increases at or below the CPI inflation rate. The announcement comes as the government targets power line companies over rising costs, with spending forecasts reaching $32 billion. Everyday consumers are bearing the cost of these network expenses through their power bills.
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Mercury Energy targets residential power price hikes at or below CPI
Mercury Energy boss says residential power price increases will be ‘at or under CPI’ inflation in the year ahead as the state-controlled generator and retailer looks to pass through its transmission and distribution pricing
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Govt targets power line companies as spending forecast hits $32 billion
Everyday consumers picking up the bill, according to a discussion document released by the Ministry of Business, Innovation and Employment.