Early Edition with Kate Hawkesby

I know, I know we're celebrating this morning, the OCR, the money back in your pockets that's coming, inflation coming down.  But MBIE has warned the government that electricity prices are likely to rise significantly over the next two years – this is a story from BusinessDesk.  See, we have all seen the spot prices market increase, skyrocket even, but we haven't felt that at home because our gentailors, the guys that we get it off, insulate us by hedging.  However, getting power to us is expensive and we've just been talking to Grant McCullum from Northland about this exact point.  40% of our bill is distribution and transmission.  Forget your weather, whether the wind blows, you know, the sun shines the rainfalls, whatever. Just getting it to us costs almost half of our total.  And that job is done by essentially monopolies: the distributors, the lines, companies, Transpower.  So the Commerce Commission regulates their profits, we would expect them to do.  The contrac