Regulator warns electricity contract issues may pose risk to competition

Regulator warns electricity contract issues may pose risk to competition
There are concerns innovation is being stifled in the electricity retail sector. (Image: NZME)
Ian Llewellyn
Independent electricity retailers can't access the right type of hedge contract to cover their needs, and this poses a potential risk to competition, the Electricity Authority says.The regulator’s review of risk management options for electricity retailers found the companies could secure substantial hedge cover through over-the-counter (OTC) contracts offered by gentailers.“Prices for most of these contracts are likely to be competitive," said Electricity Authority chief executive Sarah Gillies."However, we could not...

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