29 Jan 2011

Domestic power bills on the rise

5:59 am on 29 January 2011

Power bills are going up. Two major companies have announced rises in residential tariffs.

Mercury Energy says prices for residential customers in Auckland are increasing by an average 3.5% from 1 April.

The rise will affect 250,000 customers.

Mercury says the increase is driven by the need for continuing investment, with demand for energy set to rise by 75% in the next 40 years.

Contact Energy customers in parts of Auckland, Northland, Kapiti, Manawatu, the Thames Valley, Tasman and Invercargill face price rises of up to 75 from 1 March.

Earlier this week, Contact announced increases for North Canterbury, Wigram, the Far North and Taupo.

It blames the rise on increasing costs of electricity generation.