29 June 2001 on energy
NEWS MEDIA RELEASE
On energy Cancels Electricity Price Rise
On energy announced today that it will not be proceeding with the electricity price rise planned for July.
When the increase was announced two weeks ago, On energy Managing Director John Barton gave a commitment to monitor the
electricity market situation very closely, and to take whatever action the company could to protect customers.
“I’m still very concerned about the unprecedented wholesale prices and the operation of the wholesale market,” Mr Barton
said today. “However, actions taken by On energy in the last two weeks have enabled us to cancel the proposed price
increases for residential and small business customers.”
“We continue to urge customers to take care with their electricity use this winter as a reduction in demand can help
relieve pricing pressure on the wholesale market.”
ENDS