New Zealand's Commerce Commission approves $92M for energy efficiency, aiming to save consumers $1B annually.

The New Zealand Commerce Commission has introduced new regulations allowing energy companies to invest $92 million in energy efficiency projects, which could help households and businesses save $1 billion annually on power costs. This move aims to boost investments in efficient appliances and reduce electricity consumption. While this will increase monthly charges by about $10, consumers can offset this by lowering their energy use.

November 21, 2024
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