Your Views
Have your say on the issues of the day

Do you think New Zealanders are being overcharged for electricity?

369 comments

The Commerce Commission has issued a formal warning to Contact Energy and TrustPower following an investigation into possible bid-rigging behaviour.

The commission today said its investigation found communications between Contact and TrustPower over the purchase in 2002 of the Cobb hydroelectric power station, near Nelson, owned by NGC Holdings.

Contact and TrustPower were alleged to have tried to engage in anti-competitive conduct during the purchase by tender of the power station, the commission said.

Contact approached TrustPower to consider a back to back hedge arrangement for the supply of electricity from Cobb, depending on which company was successful in the auction.

Do you think New Zealanders are being overcharged for electricity? Here is the latest selection of Your Views:

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

Have your say

1200 characters left

By and large our readers' comments are respectful and courteous. We're sure you'll fit in well.
View commenting guidelines.

Sort by
  • Oldest

© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production apcf03 at 01 May 2016 12:44:55 Processing Time: 426ms