14 Nov 2022

Power consumers needs more important than shareholders

From Midday Report, 12:15 pm on 14 November 2022

Electricity companies need to focus on their customers, not just their shareholders, says the newly established consumer advocacy council.

This morning, unions and a climate group released a report showing power generators have been paying significant dividends to shareholders, instead of investing in renewable energy. 

The consumer advocacy council chair Deborah Hart told Charlotte Cook that more oil and gas was being burned as a result, which was contributing to the rise in power prices and the companies' profits.