Steve O'Connor: Electricity retailer stops taking new customers until government regulates the market

3:39
 
Share
 

Manage episode 298022823 series 2098285
By NZME and Newstalk ZB. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Flick Electric is pressing pause on taking on new customers over the state of the country's power market.
The independent retailer will continue to supply its existing 27-thousand power customers.
Chief executive Steve O'Connor told Mike Yardley they're being forced to stop growing because power is too expensive to buy in a wholesale market.
“This is about the electricity market in New Zealand and the fact that it’s not a level playing field, we’re calling on the Government to take action.”
LISTEN ABOVE

7522 episodes