power prices
while all nz is struggling with power costs the power companies are ripping us off. Genesis Energy plans to increase its electricity prices for residential customers in January despite posting a 600% increase in its annual profit and signalling a further increase in its operating profit ahead.
Chief executive Marc England said it hadn’t yet decided how much prices would go up, as it would consider that strategically and make a call on that later this year.
Genesis posted a bumper $222 million profit for the year to the end of June, which was six times higher than its $32m profit the year prior and almost four times its $46m profit in 2020.
Fellow state-controlled ’gentailer’ Mercury Energy reported earlier this week that it had more than tripled its annual profit to $469m, with the largest of the gentailers, Meridian Energy, due to report its annual result next week.
THE MAHARA PLACE MID-WEEK MARKET IS ON TODAY
The weather is looking good so make the most of it by coming down and supporting the stallholders at the Mahara Place mid-week MARKET which is on Tuesday from 9.30am until midday near the library in Waikanae. Valentines Day Gift Ideas, Fresh Fruit & Veg, Local Walnuts and Macadamia Nuts, Yummy Local Waikanae Honey, Bees Wax, Plants, Seedlings & Fresh Flowers, Local Handmade Sewing Crafts, Art & Cards, Rawleighs products, Clothing, Good quality Bric-a-Brac, Records, Books, and lots lots more. Grab a coffee, visit the market and the local shops- See you there...SUPPORT LOCAL
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Poll: Are you as excited as we are for Te Matapihi’s grand reopening?
Wellington’s Te Awe Library on Brandon St will be closing its doors for good at 5 pm on March 1. It’s been the city’s largest temporary library, and now it’s making way for the exciting return of Te Matapihi Central Library!
We want to know: Are you as excited as we are for Te Matapihi’s grand reopening?
Want all the details? The Post has everything you need to know.
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46% Yes
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54% No
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