Survey finds power bill prices are ‘too high’

Long Lunch 14/08/2018
Photo: File.

A recent survey has found nine in 10 Kiwis believe electricity prices are “too high”.

Earlier this year, the Government announced an expert advisory panel tasked with leading a review into the price of power.

“The eight-person expert advisory panel will play a key role into assessing whether the electricity market is delivering power at the fair and equitable price,” Energy and Resources Minister Megan Woods said at the time.

According to a new survey by One Big Switch NZ – a consumer network established to help members pay less for their power bills, more than 90 percent of people surveyed believe they are paying too much for electricity.

Nine in 10 support the Government’s review of the energy industry; however, only a third said they expect the review will reduce the price of electricity.

So, how can we keep our homes running as efficiently as possible?

One Big Switch NZ CEO Tim Rudkin told RadioLIVE’s Wendyl Nissen the best offers are “never normally advertised”.

“And most retailers have offers that they never tell their customers.”

Mr Rudkin says One Big Switch is a consumer-driven campaign aiming to reduce electricity costs by registering the interest of 20,000 Kiwi households and using their combined buying power to unlock better rates.

“While we wait for government and industry to figure out how to solve our spiralling electricity prices, Kiwis are carrying the burden and are millions out of pocket. We’ve decided to do something about it now and everyone can do their part by signing up to our new campaign,” he said in a statement.

The final report on energy prices is expected to be delivered to Minister Megan Woods early next year.

Listen to the full interview with Tim Rudkin above.

The Long Lunch with Wendyl Nissen, 12pm - 3pm on RadioLIVE and streaming live to the rova app on Android and iPhone.