Electricity prices are continuing to bite as kiwis deal with a scorcher of a summer.
Genesis Energy is raising its prices for the second time in the span of eight months, increasing rates for 11% of their customers.
Inflation is being blamed.
Genesis’ Chief Retail Officer Stephen England-Hall told Tim Dower that the cost of energy is growing with demand, as kiwis seek to decarbonize their lives and increase their electricity usage as a result.
He said that they’re trying to be as fair and reasonable as they can, as they’re very conscious of the cost-of-living crisis.
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