Story perspectives
Contact Energy CEO Advocates Renewables Amid Rising Power Prices
8/18/2025
33 5
1 of 1
Story summary
- Contact Energy's CEO Mike Fuge calls for increased renewable energy to address rising power prices in New Zealand.
- Retail power prices increased by 11% and gas prices by 14% due to higher distribution costs and gas market fluctuations.
- Fuge highlights geothermal energy as a vital solution for resilience and stability.
- Contact Energy is integrating its $1.9 billion acquisition of Manawa and plans major investments in renewable projects.
