UPDATE: Lack of fuel competition may be costing $400m annually - ComCom
(Adds comment from Z Energy from 16th paragraph. Updates shares.) By Gavin Evans Aug. 20 (BusinessDesk) - The country’s fuel retailers may be earning close to $400 million a year in excess returns, and few expect any reduction in profitability any time soon, the Commerce Co...
Competition watchdog proposes breaking wholesale stranglehold on petrol supply
By Pattrick Smellie Aug. 20 (BusinessDesk) - A stranglehold on the wholesale supply of petrol and diesel is at the core of New Zealand's less than fully competitive transport fuel market and it should be loosened, the Commerce Commission says in the draft findings of its first...
NZ Steel earnings fall on weaker prices, higher costs
By Gavin Evans Aug. 19 (BusinessDesk) - BlueScope Steel’s New Zealand business reported a 28 percent drop full-year operating earnings due to higher input costs and a drop in prices for export steel and vanadium. Sales revenue for the business, which includes BlueScope’s Pa...
Renewables shift may increase power price volatility - Contact
By Gavin Evans Aug. 14 (BusinessDesk) - Wholesale electricity prices may be more volatile for “a few years” as the country replaces more of its gas-fired generation with renewable supplies, Contact Energy says. The company is preparing to decide early next year on the timin...
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