Power companies post billion-dollar profits as Kiwis struggle with rising energy costs
New Zealand power companies have made over a billion dollars in profit while households face soaring prices and energy hardship.
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New Zealand power companies have made over a billion dollars in profit while households face soaring prices and energy hardship.
New Zealand's electricity system hit record winter demand in early August as batteries and industrial flexibility helped offset declining gas availability.
A report says New Zealand requires $26 billion in additional investment to support its shift towards renewable energy.
The government is pushing for stronger regulation and better efficiency from electricity lines companies amid continued power bill increases.
Energy Minister Simeon Brown says there is no simple solution to cutting high power bills as he consults industry players.
Only 45% of New Zealand respondents expect to pay energy bills without difficulty over the next year, according to an EY survey.
An opinion piece argues that addressing energy hardship should be a top priority.
A new investigation examines how electricity industry reforms, lobbying and government policy shaped New Zealand's costly power system.
Household and small business power bills rose 6.8% in the first half of 2026 as wholesale prices fell sharply, prompting political pressure on generators to cut retail prices.
Finance Minister Nicola Willis downplayed warnings about power supply issues.
Business leaders are urging politicians to break up gentailers and adopt longer-term energy planning.
Consumer NZ says electricity bills have nearly doubled the rate of inflation and calls for a system redesign.