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.