DTNZ: Power bills set to rise as network costs push prices higher

Meridian Energy says household electricity bills could increase by up to seven percent this year, driven largely by rising lines and transmission charges rather than wholesale energy costs.

The company reported a half-year profit of $227 million after a loss the previous year, with chief executive Mike Roan stating that regulated infrastructure costs set by the Commerce Commission were higher than expected and would continue flowing through to consumers over coming years.

Mike's Minute: The ComCom Transpower decision is madness

It's ironic that we mention the Commerce Commission yesterday and here we are today, indulging in a bit more of its madness.

Lines charges, the cost of getting power to your house, is going to get more expensive.

Your bill will rise for the next handful of years by up to $85. That’s over $1,000 a year.