25 Aug 2022

Questions whether consumers are getting raw power deals

From Morning Report, 8:24 am on 25 August 2022

Consumer advocates are questioning whether electricity users are getting a raw deal as the big three state-controlled power companies post big profits.

Meridian Energy yesterday reported a 55 percent increase in its full-year net profit, to $664 million.

Combined with Genesis and Mercury, the three 'gentailers' made a combined annual net profit of $1.35 billion.

Deborah Hart and electricity transmission lines.

Photo: Supplied

Consumer Advocacy Council chair Deborah Hart spoke to Corin Dann.