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Power price increases

Contact Energy is raising power charges for the third consecutive year - this time up to 14 percent.

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Contact spokesman Jeremy Seed said 85 per cent of the Far North increase was due to a significant rise in charges from lines company Top Energy and Transpower.

Consumer NZ chief executive Sue Chetwin reportedly said some power firms would absorb the increases and that people should shop around to find the best deal for them.

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