Finance Minister seeks urgent advice on rising electricity prices

Summarised by Centrist

Finance Minister Nicola Willis is seeking urgent advice on skyrocketing electricity prices, which have surged 600% since 2021. Factories like Winstone’s mills are shutting down, and households will soon face higher bills. 

Luke Blincoe, Electric Kiwi CEO, said, “The wholesale electricity market… it’s cooked.” 

The government is considering a formal inquiry into the electricity sector. 

 Read more over at Stuff