Major electricity generators face new regulatory net

Major electricity generators face new regulatory net
Independent electricity retailers hope the major power companies will have to change their behaviour. (Image: BusinessDesk)
Ian Llewellyn
Changes to the Commerce Act come into force on Wednesday, with smaller electricity retailers hoping it will shake up the sector by changing the behaviour of the major generator-retailers.The changes are aimed at the misuse of market power to stifle competition. They bring New Zealand in line with Australia’s law after the old version proved complex, unwieldy and focused on details that distracted attention from the issue – whether the gentailers' conduct stifles competition.The Commerce Commission, as competition regulator, said...

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