❓ Mr. Johnston questions the Minister for Energy regarding the ERA's report stating that the merger of Verve and Synergy increased Synergy's market dominance. The Minister disagrees, citing market share data.
AnsweredQoN 550Legislative Assembly
QuestionView source ↗
ELECTRICITY GENERATION AND RETAIL CORPORATION — ECONOMIC
REGULATION AUTHORITY REPORT
550. Mr W.J. JOHNSTON to the Minister for Energy:
My supplementary question asks the
Minister for Energy whether he agrees with the quote on page 7 in which the ERA
says that merging them—that being Verve and Synergy—has
increased Synergy's dominance?
REGULATION AUTHORITY REPORT
550. Mr W.J. JOHNSTON to the Minister for Energy:
My supplementary question asks the
Minister for Energy whether he agrees with the quote on page 7 in which the ERA
says that merging them—that being Verve and Synergy—has
increased Synergy's dominance?
AnswerView source ↗
First of all, there are two segments
to the market. The non-contestable has not changed because it is 100 per cent.
The small-scale, Synergy and Verve, had a monopoly—Synergy did; it has
it now. Above that, the market share has plummeted; so, no, I do not agree with
that. On what basis does it argue it? There is no data; it is pure accusation—no
results.
to the market. The non-contestable has not changed because it is 100 per cent.
The small-scale, Synergy and Verve, had a monopoly—Synergy did; it has
it now. Above that, the market share has plummeted; so, no, I do not agree with
that. On what basis does it argue it? There is no data; it is pure accusation—no
results.
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