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.
Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
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