Death knell for power companies' customer 'win-back' tactics

Pattrick Smellie
Tue, 05 Nov 2019

Proposed new regulations will effectively kill off electricity companies' practice of wooing back departing customers with generous 'win-back' offers. The Electricity Authority is consulting on a proposed 180-day ban on "retailer-initiated saves and win-backs" after a customer chooses to switch retailer. The move is a direct response to the government's Electricity Pricing Review process, which broadly endorsed existing wholesale and retail electricity market arrangements but found areas where competition was being stifled. Its recommenda...
MARKET CLOSE: NZ shares rise as vaccine trial boosts global sentiment
Dan Brunskill | Wed, 15 Jul 2020

New Zealand shares rose for a third day as investors welcomed interim results of a covid-19 vaccine trial which showed a positive immune response to the virus. The S&P/NZX 50 Index rose 116.38 poin...

NZ dollar stalls awaiting details of China response to US
Jenny Ruth | Wed, 15 Jul 2020

The New Zealand dollar was little changed as the market awaited China's response to the United States rejecting most of its claims in the South China Sea and after more hype about potential coronaviru...

Auckland Council needs to fill $750m shortfall
Brent Melville | Wed, 15 Jul 2020

Auckland Council is facing a "larger than expected" fiscal hole of $750 million this year, including a provision of $224 million to shore up its creaking water infrastructure. In announcing its dec...