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Speaker 1: Lookout, Kiwi's your power bill is about to go up.

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Speaker 1: I know, I know. We're celebrating this morning in the

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Speaker 1: ocr the money back in your pockets is coming and

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Speaker 1: fation coming down. But MBA has warned the government that

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Speaker 1: electricity prices are likely to rise significantly over the next

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Speaker 1: two years. This is a story from Business Desk. See,

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Speaker 1: we have all seen the spot prices market increase skyrocket

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Speaker 1: even but we haven't felt that at home because our

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Speaker 1: gen taylors, the guys that we get it off, insulate

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Speaker 1: us by hedging. Right. However, getting power to us is expensive,

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Speaker 1: and we've just been talking to Grant McCallum from north

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Speaker 1: And about this exact point. Forty percent of our bill

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Speaker 1: is distribution and transmission. Forget you whether whether the wind blows,

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Speaker 1: you know, the sun shines, the rainfalls, whatever, just getting

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Speaker 1: it to us costs almost half of our total and

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Speaker 1: that job is done by essentially monopolies, the distributors, the

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Speaker 1: lines companies transpower. So the Commerce Commission regulates their profits, right,

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Speaker 1: we would expect them to do that. Five year contracts,

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Speaker 1: next contract up for a newle March, your household bill

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Speaker 1: for electricity could go up fifteen dollars per month or

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Speaker 1: one hundred and eighty dollars per year. For some households

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Speaker 1: that will be twenty dollars per month two hundred and

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Speaker 1: forty dollars per year. They say this is the NB advice.

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Speaker 1: There is a serious risk that some homes won't be

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Speaker 1: able to afford heating, and we know what happens when

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Speaker 1: people can't heat their homes. The hospitals fill up, industry

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Speaker 1: and business field the squeeze and our thin growth forecast

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Speaker 1: could also be squeezed by something like this. So what's

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Speaker 1: the moral of the story. Well, basically, go and buy

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Speaker 1: yourself a nice warm jumper, get a hot water bottle,

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Speaker 1: and if you are single and living alone, you have

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Speaker 1: until April to find someone to cuddle at night twenty

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Speaker 1: nine and after five. For more from News Talks B

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Speaker 1: listen live on air or online and keep our shows

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Speaker 1: with you wherever you go with our podcasts on IR

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Speaker 1: Radio