Electricity disclosure rules aren’t working – NZIER report

A disclosure regime intended to help consumers understand whether electricity retailers earn excess profits has been ineffective. (Image: Getty)

Staff reporters

Thu, 13 Jun 2024

A report has found shortcomings with a disclosure regime intended to help consumers understand whether electricity retailers were earning excess profits.The soon-to-be-defunct Consumer Advocacy Council commissioned the New Zealand Institute of Economic Research (NZIER) to assess whether the rules introduced by the Electricity Authority following a 2019 review were working.The independent council was established in 2021, following a recommendation from the same review that found small electricity consumers were struggling to be heard by the elec...

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