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Home World New Zealand

Why our biggest power companies should be broken up (and why they shouldn’t) – Power to the People, part 4

30 July 2025
in New Zealand
0
Why our biggest power companies should be broken up (and why they shouldn’t) – Power to the People, part 4
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As New Zealand households face rising electricity costs, the New Zealand Herald’s Power to the People campaign suggests reforms like best-price promises and abolishing disconnection fees, though critics argue that deeper market changes are needed. Former energy minister Simon Bridges highlights the dominance of four companies—Mercury, Contact, Genesis, and Meridian—that control 85% of the market and made daily profits of $7.8 million last year.

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