Power gentailer Mercury says it isn’t abusing its market power, pointing out it supplies products to independent retailers including Electric Kiwi. Mercury chief financial officer William Meek said the company “refutes” Electric Kiwi’s claims, and said it supplied products to a range of power retailers including Electric Kiwi. Chief executive Sarah Gillies said its review into competition in the wholesale market “did not draw any definitive conclusions on the exercise of market power”. The review found there was some evidence generators may have exercised market power, however, “evidence was lacking for structural interventions to address market power”. Gillies said the Authority "actively and transparently" monitored the exercise of market power in the spot market and reported this analysis weekly.
