Electricity Authority imposes consumer protections against cut-price mega-power contracts

The Electricity Authority has made an “urgent” amendment to the sector’s industry participation code, placing restrictions on the implementation of large power contracts to ensure they don't disadvantage other consumers.The Electricity Authority (EA) announced today it had made the amendment to the Electricity Industry Participation Code 2010 to prohibit generators from implementing contracts of net 150 megawatts or more unless certain conditions are met.Its aim was to protect electricity consumers from potentially paying...