Electricity market tick of approval - fair or folly?

Studies point to no misuse of gentailers' market power, but independent retailers cry foul. (Image: Getty)

Mon, 22 May 2023

Independent electricity retailers are disappointed that the regulator has ruled out any structural change to the sector and found no issues with the margins being made by the major players.The Electricity Authority (EA) has released two major pieces of work which point to the market generally working but needing to evolve.The final conclusion of its study into promoting competition as New Zealand pushes closer to 100% renewable electricity generation said while the market is not perfect, any radical change risked doing more damage than good.It...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Property

Graeme Hart owed over failed housing venture

The billionaire put a caveat on a St Heliers property now up for mortgagee sale.

Maria Slade 5:00am

Economy

US tariffs will ‘squeeze, not choke, growth’

Uncertainty and weak domestic demand delay NZ’s recovery

Rebecca Howard 5:00am

US tariffs will ‘squeeze, not choke, growth’

Markets

Power stocks good buy despite regulatory threat: Forsyth Barr

The analysts are relaxed about the gathering clouds of intervention.

Ian Llewellyn 5:00am

Power stocks good buy despite regulatory threat: Forsyth Barr

Sponsored

“Extraordinary” uptake for Auckland’s new growth hub

63% of lots at Spedding Road precinct sold ahead of completion.

Spedding Road

Sponsored

Research shows AI-based attacks causing concern and senior leaders overestimating cybersecurity readiness

Research highlights from Datacom’s State of Cybersecurity Index show AI-based attacks are top of mind and senior leaders might be overestimating their organisations’ readiness to recover from cyber incidents.

Datacom