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# Face of the Day
- URL: https://goodoil.news/face-of-the-day-1021/
- Published: 2024-08-08T18:30:16.000Z
- Updated: 2024-08-08T18:30:15.000Z
- Author: Good Oil Staff
- Tags: Face of the Day, General, Politics, NZ Politics

> "The gentailers no longer operate in New Zealand in a way that enhances competitiveness number one. Number two, the gentailers no longer operate in a vein that boosts or gives greater primacy to the greater interests. Therefore there are provisions under the existing electricity legislation that enables the Crown to use a code of conduct which has legal force to change their behaviour," he said.  
>  
> "For a long time I've felt there are some significant deficiencies in the actually structural makeup of our wholesale energy market.  
>  
> "The minister of finance along with the minster of energy are getting some urgent work done to look at what short-term measures can we take if indeed there are some deeper structural failings in the rules and the regulations governing the energy market."  
>  
> Demand management has always been a key element of the New Zealand structure "but there's nothing to stop the Crown from codifying a new set of rules, a new set of expectations under the EA...sadly that agency has proven to be a chocolate teapot in regulating the excess behaviour of the gentailers who I feel are probably the most powerful economic institutions in New Zealand beyond the supermarkets and the Aussie banks."  
>  
> RNZ

[Read More](https://www.rnz.co.nz/news/political/524482/shane-jones-accuses-big-power-companies-of-profiteering?ref=goodoil.news)