Bridget Abernethy: Electricity Retailers and Generators Association CEO on the Electricity Authority questioning power price hikes

The big power companies are officially on notice, with electricity prices under scrutiny.  Household bills are climbing an average 8% this year – the same as last year.   But profits for the big four gentailers spiked 42% in the six months to December.    Electricity Retailers and Generators Association Chief Executive Bridget Abernethy told Mike Hosking the reliable and modern power delivery Kiwis expect comes at a cost.   She says a range of factors are occurring together, requiring an increase in spending.   LISTEN ABOVE See omnystudio.com/listener for privacy information.