Power rise lower than expected
Central Canterbury Electric Power Board consumers will face a rise of 4 per cent in their electricity costs in April. This figure was achieved by budgeting for a deficit in the next financial year. The board’s chairman, Mr Murray Faulkner, said the money would be recouped from reserve funds.
The Municipal Electricity Department looks likely to raise its charges 7 per cent. “In setting the retail tariffs this year, the board had to take into
account the 4 per cent bulk supply increase set by the Government late last year, as well as its own cost inbreases in' materials; wages and salaries,” said Mr Faulkner.
“However, to achieve budgeted expenditure by drawing from reserve funds set aside for special projects, we have been able to keep the increase at a modest level,” he said. The North Canterbury Electric Power Board has yet to decide its new charges but they should be announced within the next few weeks.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19860131.2.29
Bibliographic details
Ngā taipitopito pukapuka
Press, 31 January 1986, Page 3
Word count
Tapeke kupu
162Power rise lower than expected Press, 31 January 1986, Page 3
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in