Electric Kiwi seeks disciplinary action against Meridian for price spike

Mon, 20 Jun 2016

By Pattrick Smellie June 21 (BusinessDesk) - Fledgling electricity retailer Electric Kiwi is seeking disciplinary action against the country's largest power generator, Meridian Energy, following price spikes in the wholesale electricity market on June 16 that saw prices as high as $4,000 per Megawatt hour. However, Flick Electric, a rival minnow retailer whose customers would have felt the main brunt of the price spike, is not taking any action and says it's "pretty comfortable" both with the way the wholesale electricity market worked th...

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