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Contact fined $245,000 for 2017 Smartfuel promotion
Contact Energy has been fined $245,000 for misleading customers in a 2017 fuel promotion. The company, the country’s second-largest energy retailer, pleaded guilty in the Wellington District Court and was convicted on seven charges under the Fair Trading Act 1986. They related...
NZ dollar edges up; shock Fed cut weighs on greenback
The New Zealand dollar edged higher as a surprise interest rate cut by the Federal Reserve weighed on the greenback. The kiwi rose to 62.75 US cents at 5pm in Wellington from 62.66 cents yesterday. The trade-weighted index fell to 69.64 from 69.82. The greenback has dropped...
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Regulator urged to act on Tiwai discount
An improved prudent discount policy for electricity transmission should be advanced “as a matter of urgency,” Contact Energy says.Rio Tinto wants a lower transmission bill for the Tiwai Point aluminium smelter and has asked the government and the Electricity Authority to review t...
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