New Zealand reviews electricity market to address rising costs and boost competition, considers small levy hike.

New Zealand's government is reviewing its electricity market to ensure affordable and reliable power, aiming to boost investment and competition. The review follows rising electricity costs and a power crisis. The Electricity Authority also proposes a minor levy increase to maintain service levels and high-impact work, adding about $0.12 per month for households and $0.77 for businesses.

November 14, 2024
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