Subscribe today - find out more
Why you should consider BusinessDesk

Power watchdog confirms price reset from 2019 incident

Staff reporters
Tue, 17 Aug 2021

The Electricity Authority (EA) has confirmed it will reset wholesale electricity prices for a period in December 2019 when a “very unusual … confluence of factors” caused very high prices, inconsistent with the expected way the market should operate.The cost to all generators including Meridian Energy and Contact Energy will be about $80 million in less revenue and all spot purchasers (retailers and industrial consumers) will pay less.Over 98% of residential consumers are on fixed contracts and will not be directly impacted b...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Arvida's $345m purchase a sharp deal with development opportunities
Jenny Ruth | Tue, 19 Oct 2021

Arvida is raising more capital than it needed to complete the Arena transaction.

Auckland to stay in level 3 lockdown until Nov 1
Ian Llewellyn | Mon, 18 Oct 2021

PM Ardern says it is hard but Auckland must remain in alert level 3 until vaccination rates get up.

Technology FREE
Partner Content: The pros and cons of going solo on security
Spark | Mon, 18 Oct 2021

Cybersecurity is not an option, but how your business finds the right tools for the job is.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.