Shares of Generator-Retailers Jump As New Zealand Proposes Mandatory Non-Discrimination Obligations in Electricity Market

MT Newswires Live
Oct 14, 2025

The shares of Genesis Energy (ASX:GNE, NZE:GNE) jumped 4% in recent trading on the Australian bourse on Tuesday, while those of Meridian Energy (ASX:MEZ, NZE:MEL) rose almost 2% and those of Mercury NZ (ASX:MCY, NZE:MCY) rose over 2%, after New Zealand's Electricity Authority proposed rule changes to ensure a level playing field between Genesis, Contact Energy, Meridian, and Mercury, and independent participants in the electricity market.

The shares of Contact Energy (ASX:CEN, NZE:CEN) fell over 1% in recent trading.

The proposals were developed by the Energy Competition Task Force to boost competition and build confidence in the wholesale market. This includes mandatory non-discrimination obligations under which the electricity generator-retailers' wholesale businesses cannot treat independent retailers differently from their own retail arms.

Subject to feedback, the authority proposed to include the non-discrimination obligations regime in the Electricity Industry Participation Code in early 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10