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O’Connor said the suspension was ironic, given Consumer NZ named Flick “energy retailer of the year”, and was tough for staff and the business. But it didn’t make sense for any independent retailer at the moment to be acquiring new customers, he said. The suspension does not affect a “small number” of sign-ups through Flick owner Z Energy, which began selling power plans under its own brand in March, sourcing its power and services from Flick. The wholesale price of electricity has spiked this year, with spot market prices spending long periods above 30 cents a kilowatt hour. Energy Minister Megan Woods has expressed concern high prices could persist and Enerlytica analyst John Kidd has said uncertainty is affecting futures prices out until 2024.

New zealandUnited kingdomJohn kiddLuke blincoeMegan woodsNoel leemingSteve oconnorBritain competition markets authorityZ energyElectricity authorityMeridian energyConsumer commissionFlick electricSteveo connorMinister megan woodsEnergy minister megan woods