Ann: GENERAL: MRP: Mighty River Power again confirms no energy price increase

• Release Date: 22/01/15 08:38
• Summary: GENERAL: MRP: Mighty River Power again confirms no energy price increase
• Price Sensitive: No
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					MRP
22/01/2015 08:38
GENERAL
NOT PRICE SENSITIVE
REL: 0838 HRS Mighty River Power Limited (NS)

GENERAL: MRP: Mighty River Power again confirms no energy price increase

Mighty River Power today announced there will be no increase in headline
energy prices for the Company's residential electricity and gas customers on
1 April 2015.

General Manager Customer, James Munro, said the decision reflected the
Company's focus on offering great service and value in a highly competitive
market.

"For the third year in a row, we have decided not to increase our headline
energy prices. That fact reflects both our customer first approach and the
intensely competitive retail electricity market, where we have more players
competing for customers than just about any other retail sector."

Mr Munro said there would as usual be changes in customer pricing from 1
April due to costs over which the Company has no control.

"Around half of the price to customers is for 'delivery' of electricity.
Most of these costs are regulated and include charges relating to the
National Grid, your local lines company, metering providers and the
Electricity Authority levy.  We will pass increases or decreases in these
costs through to customers, as usual."

Mr Munro said the Company would continue to deliver new offers and innovative
products for customers, like the free online Good Energy Monitor (GEM)
service which has helped customers take control over their energy costs and
to date save more than $3 million.

"There are some exciting things happening in electricity. We have some more
great customer-led technology coming over the next couple of years."
End CA:00259947 For:MRP    Type:GENERAL    Time:2015-01-22 08:38:21