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

DeVere censured by FMA for failing to meet obligations
Law & Regulation

DeVere censured by FMA for failing to meet obligations

The FMA has censured deVere for failing to comply with obligation under its FAP licence.

Tom Raynel 03 Jul 2024
Foodstuffs alleges defamation over merger opinion piece
Retail

Foodstuffs alleges defamation over merger opinion piece

Chapman Tripp lawyers sent letters to the University of Auckland and Stuff.

Gregor Thompson 03 Jul 2024
Country Road loses court battle over duties
Retail

Country Road loses court battle over duties

Country Road has been ordered to retroactively pay $2.5 million in duties and GST.

Gregor Thompson 03 Jul 2024
Cleaning company escapes much bigger fine for cartel conduct
Law & Regulation

Cleaning company escapes much bigger fine for cartel conduct

The High Court fined Canterbury Industrial Scrubbing $51,000.

Staff reporters 02 Jul 2024