New Zealand's Commerce Commission approves $92M for energy efficiency, raising bills but aiming for annual savings.

The Commerce Commission in New Zealand has introduced new rules allowing energy companies to invest $92 million in energy efficiency measures, such as efficient appliances and water heaters. This move aims to help consumers save money on electricity and reduce energy consumption. While this will lead to an average $10 increase in monthly charges, the Commission expects that consumers can offset this by saving up to $1 billion annually through energy-saving measures.

November 21, 2024
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