4 Oct 2019

Electricity Price Review: Cheaper power to the people?

From Nine To Noon, 9:05 am on 4 October 2019
A Person's Hand Inserting Coin In Piggy Bank On Radiator

Photo: 123RF

Will the government's response to the Electricity Price Review really change over how much we pay for power? An independent group investigated the market over 13 months and delivered its 40 options for improving the market to government back in May.

Yesterday Energy Minister Megan Woods outlined the government's response, saying 20 of the review's recommendations will be progressed immediately. She said there's a range of things that can be done to halp add more competition to the marketplace to take the pressure off the monthly power bill.

So will what's proposed deliver on the government's promise to "level the playing field" for consumers and smaller companies trying to give them cheaper power? I'm joined now by the head of one of those companies, Luke Blincoe from Electric Kiwi, and also Dr Stephen Poletti from the University of Auckland, who researches energy economics.