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

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Forsyth Barr on Spark's 'incumbent's dilemma'
Finance

Forsyth Barr on Spark's 'incumbent's dilemma'

Falling market share and margins in the broadband market look entrenched.

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.