Articles tagged with Competition
Showing 3 of 18 articles
Energy Minister Hails New Rule to Boost Competition and Lower Power Prices
18 Aug 2025 | 1 year ago | 1246 viewsEnergy 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.
Tags: Simon Watts Electricity Authority Kiwis Government Energy Minister Power companies Competition Electricity market Consumers Energy pricesUpdate on Competition Policy Reforms for Economic Growth
14 Aug 2025 | 1 year ago | 1363 viewsThe 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.
Tags: Government economy competition settings Commerce Act review Commerce Commission collaboration competition safeguards beneficial collaboration confidential information industry codesPharmac's Cost Reductions for New Medicines: Minister Seymour's Positive Impact
30 Jul 2025 | 1 year ago | 2746 viewsAssociate 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.
Tags: David Seymour Pharmac medicines funding New Zealand annual tender generic competition patents consultation Natalie McMurtry