Complaints of market abuse in electricity sector rejected

Complaints of market abuse in electricity sector rejected
A select committee has brushed off complaints about the major electricity generator/retailers. (Image: Getty)
Ian Llewellyn
Calls for the major electricity generator/retailers to be split up have been rejected by MPs and government agencies.Minnow retailer Flick Electric petitioned parliament to either force the gentailers to split up their retail and generation arms or make them buy power from the same market as independent retailers.The core of Flick and other independent retailers' complaints is the accusation that gentailers’ generation arms give their retail businesses better deals than the independent retailers can get directly from them or on the el...

More Law & Regulation

Migrant exploitation reports rise
Law & Regulation Exclusive

Migrant exploitation reports rise

MBIE says the rise most relates to the accredited employer work visa scheme.

Commercial heavyweights become KCs in bumper round
Law & Regulation

Commercial heavyweights become KCs in bumper round

Last year, only Attorney-General Judith Collins was appointed a King's Counsel. 

Victoria Young 27 Jun 2024
Megaupload execs banned from being company directors until 2028
Law & Regulation

Megaupload execs banned from being company directors until 2028

Former Megaupload executives Mathias Ortmann and Bram van der Kolk have been prohibited from managing or directing any companies for five years, the Ministry of Business, Innovation and Employment (MBIE) says.In June 2022, Ortmann and van der Kolk broke with Megaupload founder Ki...

Staff reporters 21 Jun 2024