Transpower's new Chief Executive Alison Andrew appeared before the Commerce Select Committee for the first time on Thursday and detailed the power distributor's plans for a future of potentially flat power demand.
Meridian Energy Chief Executive Mark Binns entered the debate over the Labour/Green NZ Power plan for a single power buyer on Thursday, saying it would tend to favour gas-fired plants over renewable projects.
Business NZ has joined the Electricity Authority in issuing a report arguing the electricity market is competitive and that there's no need for any Labour/Green Government to introduce a single Government-run buyer.
The Electricity Authority published a study of electricity industry costs since 1974 that it said showed consumer electricity costs were now almost in line with historical costs, despite steep rises since 1985. It said there was little room to reduce prices, even with lower projected rates of return on capital.
Christchurch building consents hit a record high, Jo Goodhew announced new funding to help elderly people stay at home for longer, Financial Services Complaints reported a surge in complaints about insurers, the Commerce Commission ruled Transpower had over-charged customers and Steven Joyce announced NZ$260 million of funds to rebuild Canterbury University.