Electricity over-charging dispute inches forward

Thu, 11 Mar 2021

The long-running saga of a spike in wholesale electricity prices in December 2019 took another step forward with the publication of a consultation paper on its final resolution.The Electricity Authority is proposing to “correct offer prices” made on the electricity spot market to reflect what would most likely have occurred if a combination of flooding in South Island hydro catchments – requiring water to be spilled through hydro dams – and gas shortages in the North Island had not coincided.“We consider a capped o...

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