Regulators team up to address energy crunch

Regulators team up to address energy crunch
(Image: NZME)
Rebecca Howard
The Electricity Authority and the Commerce Commission have set up an Energy Competition Task Force to look for ways to strengthen the market and put downward pressure on prices given the current energy crunch.There are regulatory levers that can be used to ensure independent generators and retailers are better able to compete in the market and encourage more investment in new generation, said Electricity Authority Board chair Anna Kominik."Bringing more generation online sooner puts more electricity into the system, which is the best...

More Markets

Jarden sees Mercury, Genesis upside
Markets

Jarden sees Mercury, Genesis upside

Energy margin data points to earnings upgrades for both gen-tailers.

Cooks Coffee continues strong sales growth
Retail

Cooks Coffee continues strong sales growth

The sales growth comes at a time of rapid expansion for the firm.

Scott Tech’s Rocklabs expands Rio Tinto deal
Markets

Scott Tech’s Rocklabs expands Rio Tinto deal

Scott Technology has extended its contract with Rio Tinto, increasing the automation of a third laboratory for the mining giant in Australia.Scott, a New Zealand Exchange-listed industrial automation company, did not provide details on the value of the contract but said the syste...

Ben Moore 10:52am
THL's customer and revenue officer resigns
Markets

THL's customer and revenue officer resigns

New Zealand Exchnage-listed Tourism Holdings announced the resignation of its chief customer and revenue officer, Scott Fahey, on Tuesday morning.Tourism Holdings (THL) said Fahey's departure was because of a personal situation and it agreed to waive his notice period.Fahey h...