Consumers carry can for sweetheart smelter deal

Virtual asset swaps or limiting the size of major electricity generators flagged as options by regulator. (Image: Getty)

Ian Llewellyn

Wed, 27 Oct 2021

The government could consider limiting the size of electricity generators or forcing “virtual asset swaps” if it is unhappy with competition in the market, the Electricity Authority says.The market regulator’s review of what was behind elevated electricity prices in the wholesale market points to a number of factors that have been behind the increase, but zeroes in on the deal to supply the Tiwai Point aluminium smelter.The Electricity Authority (EA) said it was concerned all other electricity consumers may be paying too much...

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