Energy Minister Megan Woods. Photo / Mark MitchellEnergy Minister Megan Woods says she will seek advice about stripping energy sector enforcement powers from the Electricity Authority. In response to a letter from Electric Kiwi - in which the retailer said it had lost confidence in the performance of the wholesale market - Woods said splitting off functions was not going to happen short term. Woods responded almost six weeks later saying she would seek advice on the suggestion. "Some of the suggestions you make, such as the separation of regulatory rule making from enforcement are longer-term solutions requiring structural change to the market," Woods wrote.

Source: New Zealand Herald July 13, 2021 22:07 UTC