26 Mar 2021

Brace for higher power bills amid volatile wholesale market

From Nine To Noon, 9:08 am on 26 March 2021

Consumers are being warned their electricity bills will start to rise in reaction to a surge in the wholesale market.

Many retailers have already begun notifying their customers that their prices will be going up ahead of the peak-demand winter season.

In addition to price hikes, there's also unlikely to be as much effort put in by retailers to woo customers with better pricing plans, and smaller retailers could start to feel the squeeze. Kathryn talks to Gavin Male, CEO of NZ Compare.