1 00:00:00,160 --> 00:00:02,840 Speaker 1: Shedding eggs from the petrol station might be the new 2 00:00:02,880 --> 00:00:05,520 Speaker 1: normal of z energy gets its way. They're planning to 3 00:00:05,600 --> 00:00:08,280 Speaker 1: roll out grocery offerings to all of their two hundred 4 00:00:08,320 --> 00:00:11,640 Speaker 1: petrol stations around the country. They say this isn't to 5 00:00:11,760 --> 00:00:14,800 Speaker 1: compete with the big supermarket chains, but instead just top 6 00:00:14,880 --> 00:00:17,840 Speaker 1: up what they've already got available. Text Edwards is monopoly 7 00:00:17,840 --> 00:00:19,480 Speaker 1: watched spokesperson with us this morning. 8 00:00:19,280 --> 00:00:21,599 Speaker 2: Text, good morning, Good morning, Ryan. 9 00:00:21,720 --> 00:00:23,960 Speaker 1: Do you think this is a smart move from them? 10 00:00:24,000 --> 00:00:27,200 Speaker 1: Because I think about my dairy and dairies all around 11 00:00:27,200 --> 00:00:30,840 Speaker 1: New Zealand where you know you've got parking problems now 12 00:00:30,880 --> 00:00:33,040 Speaker 1: because of cycle. There a whole bunch of reasons why 13 00:00:33,120 --> 00:00:35,440 Speaker 1: dairies aren't as hot as they used to be. This 14 00:00:35,560 --> 00:00:38,080 Speaker 1: might be a good solution if you just want a 15 00:00:38,080 --> 00:00:39,400 Speaker 1: couple of things to pick up. 16 00:00:42,080 --> 00:00:47,040 Speaker 2: I don't think it's a real significant move, Ryan. The 17 00:00:47,120 --> 00:00:53,199 Speaker 2: problem with that is at the supermarket competition economics review, 18 00:00:54,000 --> 00:00:57,920 Speaker 2: the dynamic of their monopoly and supermarkets is you need 19 00:00:57,960 --> 00:01:01,160 Speaker 2: what we call like for light competition. So to have 20 00:01:01,200 --> 00:01:06,840 Speaker 2: any impact on price, sustainability or nutrition competition, you need 21 00:01:07,080 --> 00:01:09,920 Speaker 2: like to light shops. This looks like a desperate a 22 00:01:10,080 --> 00:01:15,119 Speaker 2: tent by the supermarket operators and by the fuel industry 23 00:01:15,200 --> 00:01:19,839 Speaker 2: to pretend that the wholesale regime worked. Ironically, the fuel 24 00:01:19,880 --> 00:01:23,679 Speaker 2: industry had the same competition problem and it had a 25 00:01:23,720 --> 00:01:29,360 Speaker 2: market to study actually before supermarkets, and they had the 26 00:01:29,400 --> 00:01:34,600 Speaker 2: Fuel Industry Act of twenty twenty. So sure, it might 27 00:01:34,640 --> 00:01:36,960 Speaker 2: be a great place to buy some eggs and some bread, 28 00:01:37,400 --> 00:01:40,959 Speaker 2: but it's not going to solve the big clanger and 29 00:01:41,040 --> 00:01:43,640 Speaker 2: the economy called competition in the supermarket. 30 00:01:44,040 --> 00:01:45,720 Speaker 1: But to be fair, they're not saying it is either 31 00:01:45,760 --> 00:01:47,320 Speaker 1: they're just saying or we sell a bunch of stuff 32 00:01:47,319 --> 00:01:49,320 Speaker 1: at the moment, we'll sell a bunch of more stuff, 33 00:01:49,360 --> 00:01:50,720 Speaker 1: maybe some fresher projects. 34 00:01:52,040 --> 00:01:55,600 Speaker 2: It makes makes makes perfect sense because if we think 35 00:01:55,640 --> 00:01:59,320 Speaker 2: about it in twenty years time, the fuel that the 36 00:01:59,440 --> 00:02:02,600 Speaker 2: fuel distributors are going to have a problem as people 37 00:02:02,640 --> 00:02:05,560 Speaker 2: swap into electric cars, so then they're not have so 38 00:02:05,640 --> 00:02:08,480 Speaker 2: much traffic through But actually, if you do a deeper 39 00:02:08,560 --> 00:02:11,520 Speaker 2: dive into the announcement, a lot of it is about 40 00:02:11,560 --> 00:02:14,480 Speaker 2: the fuel industry trying to be goody two shoes with 41 00:02:14,600 --> 00:02:19,000 Speaker 2: the Commers Commission and pretend that their wholesale regime is working, 42 00:02:19,800 --> 00:02:24,720 Speaker 2: and that the wholesale regime that was suggested might work 43 00:02:24,760 --> 00:02:28,200 Speaker 2: in supermarkets could also work, but this just isn't the 44 00:02:28,240 --> 00:02:31,399 Speaker 2: case because the industries are quite different, and it's quite 45 00:02:31,440 --> 00:02:35,600 Speaker 2: a dangerous move to have the fuel industry if you're 46 00:02:35,639 --> 00:02:38,360 Speaker 2: an industry analyst, and this is a boten response, right, 47 00:02:38,440 --> 00:02:40,320 Speaker 2: so apologize for doing it so early in the warning. 48 00:02:40,760 --> 00:02:45,480 Speaker 2: But if you're the fuel industry, you're trying to persuade 49 00:02:45,840 --> 00:02:50,520 Speaker 2: the regulators that isn't a competition problem in fuel industry 50 00:02:50,600 --> 00:02:54,079 Speaker 2: because they have a wholesale regime where you have to. 51 00:02:54,000 --> 00:02:56,720 Speaker 1: Have Yeah, but what's they do with selling eggs? 52 00:02:57,520 --> 00:02:59,799 Speaker 2: Oh, what it's got to do with selling eggs is 53 00:02:59,840 --> 00:03:06,560 Speaker 2: that they think it's a solution that's that's similar to it, that. 54 00:03:04,960 --> 00:03:10,880 Speaker 1: That use like a long bow. Text, are you doing long. 55 00:03:13,040 --> 00:03:14,920 Speaker 2: It is a long boat for first thing in the morning, Ryan. 56 00:03:14,960 --> 00:03:17,760 Speaker 2: But what we bt the industry structures trying to do 57 00:03:17,880 --> 00:03:21,960 Speaker 2: is say, hey, we could have the wholesale regime similar 58 00:03:22,000 --> 00:03:25,079 Speaker 2: to what we had in the fuel industry, and now 59 00:03:25,080 --> 00:03:26,920 Speaker 2: we don't need to break up the supermarkets because we're 60 00:03:26,919 --> 00:03:28,600 Speaker 2: going to do just what the fuel industry did. 61 00:03:28,960 --> 00:03:31,040 Speaker 1: I don't know, Text. I think a long bow not 62 00:03:31,280 --> 00:03:33,679 Speaker 1: just for Wednesday morning, but just a long bow is 63 00:03:33,680 --> 00:03:36,320 Speaker 1: a long Bow, but I appreciate you coming on the show. 64 00:03:36,360 --> 00:03:38,320 Speaker 1: It is seventeen after five News Talk said p. 65 00:03:39,240 --> 00:03:41,480 Speaker 2: For more from earlier edition with Ryan Bridge. 66 00:03:41,560 --> 00:03:45,160 Speaker 1: Listen live to News Talks it'd be from five am weekdays, 67 00:03:45,280 --> 00:03:47,320 Speaker 1: or follow the podcast on iHeartRadio