It is going to wait and see what proposals it gets from the market.
Chief executive Mike Roan tells annual meeting the company has an opportunity to be bold.
Brookfield to buy gas pipelines, Powerco to buy Eastland electricity lines.
Shares rise for the big four gentailers but business groups see a missed opportunity.
The core problem in the market was caused by the Government, said Frontier Economics, and was best solved by focusing state investment on securing and selling thermal energy.
In response to the Frontier report on the electricity market, the Government says it is committed to equity investment in Meridian, Mercury and Genesis, if required, to build more generation.
Energy and Climate Change Minister’s comments at RIAA conference seek to calm investors’ fears of wholesale reforms.
Country’s largest steel maker has also doubled up on its electricity supply agreement with Contact Energy, adding 50MW per year across an 11-year contract cycle.
CEO Mike Roan says gas is the problem so electricity market intervention not necessary.
The regulator announces proposals aimed at levelling the playing field between small electricity retailers and the big four.
