Electricity generators on notice over potential competition law breaches

Regulators are concerned that hydro power will mean even more market power in the future. (Image: Getty)

Thu, 08 Feb 2024

The major electricity companies have been put on notice by regulators that they may be in breach of competition law.Last year, a group of independent retailers complained to the Commerce Commission that the major generator/retailers (gentailers) were using their market power to artificially inflate wholesale electricity margins, cross-subsidising their retail arms and making it difficult for the smaller retailers to compete.The commission decided not to accept the complaint and said the Electricity Authority (EA) was best placed to deal with th...

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