Consumer NZ's signals concern over a historically high profit made by our biggest power companies.
Matt Heath & Tyler Adams Afternoons · Newstalk ZB
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Show Notes
Consumer NZ's signalling concern over a historically high profit made by our biggest power companies.
Meridian, Contact, Genesis and Mercury made a combined 2.7 billion in operating profits in the past year - the largest single-year profit ever..
Consumer NZ estimates during that time, 40 thousand households couldn't afford power.
Chief Executive Jon Duffy says making profits is a normal part of business - but consumers also need to be benefit.
He joined James Daniels and Tyler Adams on the show.
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