UPDATE: Generators cleared of collusion, may face ASIC inquiry

Thu, 28 Feb 2019

(Adds Electric Kiwi comment from 11th paragraph, share prices, market-making costs, detail of Genesis trading to end.) By Gavin Evans Feb. 28 (BusinessDesk) - New Zealand's major electricity generators have been cleared of tacit collusion during last year’s electricity price spikes but may yet be subject to investigation by the Australian Securities and Investments Commission. The Electricity Authority says it found no evidence of anti-competitive behaviour in the market during a period of sustained high prices from late September thro...

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