Genesis says no collusion among generators as deluge fills hydro lakes

Fri, 09 Nov 2018

By Gavin Evans Nov. 9 (BusinessDesk) - Genesis Energy says recent stress in the wholesale electricity market does not mean the major generators have colluded against the rest of the sector. Small-scale retailers Flick Electric, Pulse Energy, Vocus Group and Electric Kiwi have complained to the Electricity Authority and sought a declaration of an undesirable trading situation which they say is caused by the way the biggest players in the market are operating in the futures market for electricity. Genesis, the country’s biggest electrici...

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