Electricity Authority welcomes outcome of electricity market review

The Electricity Authority Te Mana Hiko (the Authority) welcomes the Government’s response to the Frontier review to strengthen regulation of the electricity industry for the benefit of all New Zealanders.

"The Frontier review highlights the importance of all New Zealanders having access to affordable and reliable energy to power our homes, lives, businesses and economy," says Electricity Authority Chair Anna Kominik.

"The Government’s response and the recommendations announced today recognise the Authority must be fit-for-purpose to protect and promote the interests of New Zealand consumers. This includes ensuring the Authority has the right tools to update and enforce electricity market rules quickly and efficiently," says Kominik.

"The proposed changes endorse and strengthen the work the Authority is currently progressing to boost competition, encourage new generation investment, and put downward pressure on power prices for consumers."

The Electricity Authority is New Zealand’s electricity industry regulator. Its purpose is to support a competitive, reliable and efficient electricity industry for the long-term benefit of consumers and New Zealand. The Authority sets market rules through the Electricity Industry Participation Code 2010.

Securing New Zealand's energy future- Government release