This is edition 2024/130 of the Ten@10 newsletter.
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1. Politicians enabled the “Big Four” oligopoly power companies to profiteer
Bryce Edwards
- 💡 First, power companies are accused of profiteering and anti-competitive behavior, sparking political backlash.
- 📉 Government officials like Winston Peters and Shane Jones are leading the charge against the "Big Four" power companies.
- 🏛️ Energy Minister Simeon Brown and Finance Minister Nicola Willis are pushing for regulatory intervention to lower electricity prices.
- 🔄 Experts and politicians debate whether to roll back 1990s reforms and restructure the energy market.
- ⚡ The crisis is escalating with predictions of price hikes affecting both businesses and households, raising concerns about economic impacts.
