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Electricity wholesale prices have risen dramatically this month (December 2010). This means that all retail electricity prices will rise soon. Power prices went up this month to almost three times the benchmark price. The benchmark is the price of electricity from new power stations said Powerswitch. Turn it off - Power is going up! What changed this year is that “reliability of supply” is now provided by the market, not byGovernment. The new...

Bank lending to New Zealand consumers, businesses and farms grew just 0.2 per cent or $500 million in the month of May (2010). Compared with May last year the stock of loans was unchanged at $301.1 billion, according to figures from the Reserve Bank earlier this year. A reduction in borrowing, relative to income, was helping to put the economy’s expansion on a more sustainable footing. A continuation of that trend was one of the key assumpt...

The New Zealand dollar bounced overnight as manufacturing data from the United States and Europe pointed to further recovery in the global economy. Around 8am today the New Zealand dollar was up to US70.81c from US70.02c at 5pm yesterday. ANZ National Bank said failed attempts to push lower in the local and late Asian sessions yesterday meant the kiwi dollar bounced overnight. The Reserve Bank of Australia’s interest rate decision at 4.30pm...

Westpac have revealed they not require a higher deposit for first home loans First time buyers will have to stump up at least $37,500 as a deposit to get an average Aussie home loan from Westpac — or $12,500 more than before — under policy changes that came into force on the 19th January. That means borrowers will have to come up with 87% instead of 92%. An average home loan of $250,000, new borrowers will need to have the much bigge...

Compare Power Companies Welcome to Switchme, New Zealand’s first energy comparison and signup website Our simple, easy to use comparison process will help you find,select and sign up to the best power company in your area within minutes. You know a recent government report stated that the average kiwi can save on average a hundred dollars a year simply by switching power companies. We’ll also offer you a voucher for using switchme. We hav...