KCE holds retail electricity prices steady in 2012

Published: Fri 10 Aug 2012 02:00 PM
KCE holds retail electricity prices steady in 2012
Electricity generator and retailer, King Country Energy (KCE), announced today it will not raise its published electricity retail prices this year. KCE reviews its prices on an annual basis and normally applies any changes, if necessary, during October.
CEO, Rob Foster, says several factors have worked together to allow the company to keep prices steady this year.
“Our staff has been doing a great job at containing operating costs and increasing efficiencies. Additionally, now that KCE owns 100% of Mangahao Power Station, we are better able to manage our wholesale electricity costs with less relative reliance on other generators, and the wholesale market,” explains Mr Foster.
“KCE understands the impact on consumers of cost increases and it’s never a certainty that KCE prices will be adjusted annually,” he says. “Our board and management team weigh all factors very carefully and when we’re able to hold prices, we’re happy to do so.”
KCE has chosen to forego a price rise for its published rates in three out of the past six years.
“We believe customers will see this as good news given recent increases in household costs,” says Mr Foster.

Next in Business, Science, and Tech

Understanding DDoS cyber attacks – Expert Reaction
By: Science Media Centre
FMA sees spike in investment scam complaints since COVID
By: Financial Markets Authority
Strong export growth narrows current account deficit to $3B
By: Statistics New Zealand
GDP rises in the June 2021 quarter
By: Statistics New Zealand
$350 Million Plant To Deliver Renewable Energy-from-waste Considered
By: South Island Resource Recovery Limited
Olam confirms plans for commissioning of NZ dairy plant
By: Olam International
View as: DESKTOP | MOBILE © Scoop Media