6 Oct 2008

Govt to wait for outcome of electricity inquiries

6:51 pm on 6 October 2008

Prime Minister Helen Clark says the Government will hold off acting on rising power prices until three investigations into the electricity market are completed.

Her comments come as Contact Energy customers in Wellington and Otago face price rises of at least 10%.

Other customers throughout New Zealand have also seen their power bills increase this year.

Miss Clark says three inquiries, due to be completed by the end of the year, should show whether or not there is sufficient competition in the market.