Govt tells regulator to hurry up over electricity market reform

Govt tells regulator to hurry up over electricity market reform
There is more than one form of power in the hydro lakes. (Image: Meridian)
Ian Llewellyn
Energy Minister Simeon Brown has told the Electricity Authority to hurry up on making changes to market rules, including the potential virtual separation of the major generator/retailers.Brown has issued a Statement of Government Policy to the authority under the Electricity Industry Act.While the authority is an independent body, it must “have regard” for a policy statement issued by the minister.Much of the statement is an emphasis on existing government policy, the move to electrification, the stresses put on the system by the in...

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