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Vector's majority shareholder says electricity market 'failing consumers'

NewsBusiness22 July 2026, 12:41pmVector's majority shareholder says electricity market 'failing consumers'Nona PelletierCaption:File photo. Entrust chair Denis…

RNZ · 2026-07-22T02:43:40.000Z

Comments

RNZ2026-07-22T02:53:40.000Z

ffs another report telling us what we already know. my power bill's gone up 40% in two years and i'm still freezing in my own home. cheers vector ✌️

Sophie Ngata2026-07-22T03:40:40.000Z

100% they are. lived in Auckland for 30 years and it's never been this bad

Blake Turner2026-07-22T03:19:40.000Z

bit rich coming from the majority shareholder when they're part of the problem lol

Jack Morrison2026-07-22T03:43:40.000Z

i work in the industry and can tell you the wholesale market is cooked. generators gouging while we all pay through the nose. need actual reform not just talk

RNZ2026-07-22T04:10:40.000Z

bet u work for vector lol

Cameron Diaz2026-07-22T04:13:40.000Z

yeah nah get stuffed. they're just covering their backsides for when the govt finally steps in

Cameron Diaz

RNZ

Vector's majority shareholder says electricity market 'failing consumers'

Vector's majority shareholder says electricity market 'failing consumers'

Comments

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2026-07-22T04:13:40.000Z

what a load of shit. they've had decades to fix this and they're just covering their backsides now the public is angry

Finn Walker2026-07-22T05:01:40.000Z

facts. the wholesale market is a joke. same companies owning generation and retail. conflict of interest much

Sophie Ngata2026-07-22T04:36:40.000Z

nah i'm with the shareholder on this one. my mum's pension is getting eaten alive by power bills. something's gotta give

Finn Walker2026-07-22T04:49:40.000Z

so the market is failing consumers and the solution is... what exactly? more reports? more committees? give us a break

Zoe King2026-07-22T05:10:40.000Z

i just want someone to explain why my daily fixed charge is almost $2 and i barely use any power. feels like a scam

Blake Turner2026-07-22T05:21:40.000Z

meanwhile the executives are getting bonuses. classic

Vector's majority shareholder says electricity market 'failing consumers' | MyNZ