Liquidity test to trigger protection for minnow power suppliers

Gavin Evans
Tue, 19 May 2020

Power retailers seeking relief from lines charges under the Electricity Authority’s new protection scheme will have to demonstrate a 25 percent increase in their overdue billings compared with pre-covid levels. To qualify firms must have been solvent at Dec. 31, but now face “liquidity issues” within the next six months due to the virus outbreak and fallout from it. They must also expect to be able to pay their debts in 12 months’ time. The new measures, which require the country’s six largest lines companies to defer two months of charge...
Opinion
JEHAN CASINADER: Black lives matter – but changing your Facebook photo does not
Jehan Casinader | Sat, 06 Jun 2020

My Facebook timeline is a sea of black.  During the week, many of my friends posted photos of empty black squares, to express their anger at the brutal killing of Minneapolis man George Floyd.The idea...

Markets
Is the art market covid-proof? Well, just maybe
Pattrick Smellie | Sat, 06 Jun 2020

Wellington art auction house Dunbar Sloane marked the end of an era this week, bringing the hammer down - or in this case, an HB pencil clasped in the left hand of veteran auctioneer Anthony Gallagher...

Listed Companies
BRIAN GAYNOR: Colin Neal – taking the NZX by storm
Brian Gaynor | Fri, 05 Jun 2020

Who is Colin Neal, the former Big Chill owner who sold out to Freightways and is now charging like a bull through the NZX? Neal has gone from refrigerated transport to brewing and restaurants to st...

SPONSORED
Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks

SPONSORED
Profit or Loss: The Dangers of Fake ROI

It's hard to know what is going to happen in the future. This virus and its effects are changing everything, so businesses need to take a careful look at their marketing.