Podcasts Other The Mike Hosking Breakfast Stephen England-Hall: Chief Retail Officer at Genesis on the reason they're raising their prices for the second time in eight months

Stephen England-Hall: Chief Retail Officer at Genesis on the reason they're raising their prices for the second time in eight months

Published: Jan. 23, 2024, 9:18 p.m.

Electricity prices are continuing to bite as kiwis deal with a scorcher of a summer.\xa0

Genesis Energy is raising its prices for the second time in the span of eight months, increasing rates for 11% of their customers.\xa0

Inflation is being blamed.\xa0

Genesis\u2019 Chief Retail Officer Stephen England-Hall told Tim Dower that the cost of energy is growing with demand, as kiwis seek to decarbonize their lives and increase their electricity usage as a result.\xa0

He said that they\u2019re trying to be as fair and reasonable as they can, as they\u2019re very conscious of the cost-of-living crisis. \xa0

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