Effective competition, better for consumers.
As the old saying goes, don't just take our word for it ..... For a long time Electric Kiwi and the other last remaining independent electricity retailers in New Zealand have been banging on about the need for better competition in the NZ Wholesale Electricity market. So, it was encouraging to see the OECD expressing the same view in their latest look at New Zealand's economy. “the question of effectiveness of competition in the wholesale market warrants further investigation” As we've seen in other sectors in New Zealand, ineffective competition always ends up hitting consumers in the back pocket, at a time when they are feeling the pain more than ever. We encourage the Electricity Authority, MBIE and the Commerce Commission to give this issue the focus it really needs. More effective competition will help drive more innovation and will minimise the cost of the necessary energy transition NZ needs to make. But don't just listen to me .... read what the OECD have to say about it .... https://lnkd.in/gn2Cjf9J Electricity Authority Te Mana Hiko Commerce Commission #energytransition #marketpower #energyconsumers