Latest / Early Edition with Ryan Bridge / Tex Edwards: Monopoly Watch spokesperson on Z Energy expanding their grocery offering

Transcript

Tex Edwards: Monopoly Watch spokesperson on Z Energy expanding their grocery offering · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Shedding eggs from the petrol station might be the new
• 0:02
  Speaker 1: normal of z energy gets its way. They're planning to
• 0:05
  Speaker 1: roll out grocery offerings to all of their two hundred
• 0:08
  Speaker 1: petrol stations around the country. They say this isn't to
• 0:11
  Speaker 1: compete with the big supermarket chains, but instead just top
• 0:14
  Speaker 1: up what they've already got available. Text Edwards is monopoly
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  Speaker 1: watched spokesperson with us this morning.
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  Speaker 2: Text, good morning, Good morning, Ryan.
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  Speaker 1: Do you think this is a smart move from them?
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  Speaker 1: Because I think about my dairy and dairies all around
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  Speaker 1: New Zealand where you know you've got parking problems now
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  Speaker 1: because of cycle. There a whole bunch of reasons why
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  Speaker 1: dairies aren't as hot as they used to be. This
• 0:35
  Speaker 1: might be a good solution if you just want a
• 0:38
  Speaker 1: couple of things to pick up.
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  Speaker 2: I don't think it's a real significant move, Ryan. The
• 0:47
  Speaker 2: problem with that is at the supermarket competition economics review,
• 0:54
  Speaker 2: the dynamic of their monopoly and supermarkets is you need
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  Speaker 2: what we call like for light competition. So to have
• 1:01
  Speaker 2: any impact on price, sustainability or nutrition competition, you need
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  Speaker 2: like to light shops. This looks like a desperate a
• 1:10
  Speaker 2: tent by the supermarket operators and by the fuel industry
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  Speaker 2: to pretend that the wholesale regime worked. Ironically, the fuel
• 1:19
  Speaker 2: industry had the same competition problem and it had a
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  Speaker 2: market to study actually before supermarkets, and they had the
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  Speaker 2: Fuel Industry Act of twenty twenty. So sure, it might
• 1:34
  Speaker 2: be a great place to buy some eggs and some bread,
• 1:37
  Speaker 2: but it's not going to solve the big clanger and
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  Speaker 2: the economy called competition in the supermarket.
• 1:44
  Speaker 1: But to be fair, they're not saying it is either
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  Speaker 1: they're just saying or we sell a bunch of stuff
• 1:47
  Speaker 1: at the moment, we'll sell a bunch of more stuff,
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  Speaker 1: maybe some fresher projects.
• 1:52
  Speaker 2: It makes makes makes perfect sense because if we think
• 1:55
  Speaker 2: about it in twenty years time, the fuel that the
• 1:59
  Speaker 2: fuel distributors are going to have a problem as people
• 2:02
  Speaker 2: swap into electric cars, so then they're not have so
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  Speaker 2: much traffic through But actually, if you do a deeper
• 2:08
  Speaker 2: dive into the announcement, a lot of it is about
• 2:11
  Speaker 2: the fuel industry trying to be goody two shoes with
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  Speaker 2: the Commers Commission and pretend that their wholesale regime is working,
• 2:19
  Speaker 2: and that the wholesale regime that was suggested might work
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  Speaker 2: in supermarkets could also work, but this just isn't the
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  Speaker 2: case because the industries are quite different, and it's quite
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  Speaker 2: a dangerous move to have the fuel industry if you're
• 2:35
  Speaker 2: an industry analyst, and this is a boten response, right,
• 2:38
  Speaker 2: so apologize for doing it so early in the warning.
• 2:40
  Speaker 2: But if you're the fuel industry, you're trying to persuade
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  Speaker 2: the regulators that isn't a competition problem in fuel industry
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  Speaker 2: because they have a wholesale regime where you have to.
• 2:54
  Speaker 1: Have Yeah, but what's they do with selling eggs?
• 2:57
  Speaker 2: Oh, what it's got to do with selling eggs is
• 2:59
  Speaker 2: that they think it's a solution that's that's similar to it, that.
• 3:04
  Speaker 1: That use like a long bow. Text, are you doing long.
• 3:13
  Speaker 2: It is a long boat for first thing in the morning, Ryan.
• 3:14
  Speaker 2: But what we bt the industry structures trying to do
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  Speaker 2: is say, hey, we could have the wholesale regime similar
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  Speaker 2: to what we had in the fuel industry, and now
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  Speaker 2: we don't need to break up the supermarkets because we're
• 3:26
  Speaker 2: going to do just what the fuel industry did.
• 3:28
  Speaker 1: I don't know, Text. I think a long bow not
• 3:31
  Speaker 1: just for Wednesday morning, but just a long bow is
• 3:33
  Speaker 1: a long Bow, but I appreciate you coming on the show.
• 3:36
  Speaker 1: It is seventeen after five News Talk said p.
• 3:39
  Speaker 2: For more from earlier edition with Ryan Bridge.
• 3:41
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