There's hesitation around moves to beef up regulations guiding electricity gentailers.

From July, the big four gentailers mustn't give their retail arms better deals on power contracts than independent companies.

Penalties for serious breaches are also ramping up. 

Electric Kiwi CEO Huia Burt says this is a good start, but she sees a remaining problem.

"We're asking those gentailers to act in a way that is in opposition to their commercial incentives, and those are - keep supply tight, keep competition out and keep prices high." 

LISTEN ABOVE

There's hesitation around moves to beef up regulations guiding electricity gentailers.
From July, the big four gentailers mustn't give their retail arms better deals on power contracts than independent companies.
Penalties for serious breaches are also ramping up.&nbsp;
Electric Kiwi CEO Huia Burt says this is a good start, but she sees a remaining problem.
"We're asking those gentailers to act in a way that is in opposition to their commercial incentives, and those are - keep supply tight, keep competition out and keep prices high."&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Huia Burt: Electric Kiwi CEO on the big four power gentailers facing new regulations

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/01946349-9a55-40d2-b86c-b45600602640/transcript