19 Aug 2025
1 year ago
1405 views
Energy Minister Simon Watts welcomes a new rule by the Electricity Authority to boost retail competition among smaller power companies, aiming to lower power prices for struggling Kiwis. The rule will prevent large power companies from cross-subsidizing themselves and offering discounts, creating a level playing field for all competitors. These changes, developed under the Energy Competition Task Force, aim to encourage investment in new generation and improve economic outcomes, with further improvements to be consulted on later this year.
14 Aug 2025
1 year ago
1582 views
The Government is focused on growing the economy by improving competition settings, with updates on the Commerce Act review and Commerce Commission governance. Reforms to the Commerce Act aim to simplify collaboration processes, enhance confidentiality protections, and promote competition. Additionally, initiatives include strengthening banking competition, implementing open banking, regulating retail payments, and introducing a new water services regulatory regime under the Commerce Act to ensure efficiency and transparency.
31 Jul 2025
1 year ago
2953 views
Associate Education Minister David Seymour supports Pharmac's decision to lower the cost of certain funded medicines in order to allocate more funding for new medicines, emphasizing the critical impact of pharmaceutical funding on the lives of New Zealanders. The annual tender process allows Pharmac to save between $30 million and $50 million annually by reducing costs of existing medicines to fund new ones. Pharmac has implemented additional consultation steps in the tender process to gather feedback from patients, healthcare professionals, and advocacy groups, aiming for a more patient-centric approach in decision-making.