Abstract
Before 1986, the New Zealand electricity and natural gas industries were under close political control. This article investigates the legal character of the reforms that have introduced considerable market competition. It finds that restructuring, corporatisation and statutory formulation of objectives have been important, and privatisation less so. Light-handed regulation including competition law is not working well. A new range of legal instruments is in use, self-regulation is growing, and the law is changing in response.
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