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Mercury NZ chief executive Fraser Whineray has lashed out at electricity network monopolies, saying they represent a threat to people's "energy freedom". His comments to the NZX-listed, government-controlled electricity generator and retailer's annual meeting coincided with a report from the Electricity Authority that also questioned whether regulated monopolies, such as NZX-listed Auckland network company Vector, are using their regulated asset bases to subsidise activities where they face competition from unregulated businesses.

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