Electricity generators on notice over potential competition law breaches

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)
Ian Llewellyn
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...

More Markets

NZ sharemarket up 0.1% on flat trading day
Markets Market close

NZ sharemarket up 0.1% on flat trading day

The S&P/NZX 50 Index closed at 11,790.92, up 14.18 points or 0.12%.

Advent International eyes NZ deals with Aussie outpost
Markets

Advent International eyes NZ deals with Aussie outpost

US private equity giant says NZ key market for growth.

These shares are 'priced for awful'
Markets

These shares are 'priced for awful'

Kathmandu, SkyCity and Fletcher shares are under pressure. Some are taking the plunge.