New Electricity SOE Brings Cheaper Wholesale Power
SOE Minister, Tony Ryall, today officially opened the Manukau City headquarters of baby-ECNZ Genesis Power Limited.
Genesis is one of the three electricity generation and retail companies formed from the former ECNZ on 1 April this year as part of the Government's plan to give New Zealanders a better deal on electricity.
"Following the ECNZ split in April, wholesale power prices fell dramatically" said Mr Ryall, speaking in Manukau.
ENDS