Broader questions in power investigation - Meridian

Fri, 03 Jul 2020

An investigation of power pricing during December’s South Island floods may help resolve long-standing issues in the wholesale electricity market, Meridian Energy says. The Electricity Authority believes wholesale charges that month may have been $80 million higher than they needed to be because of the way Meridian priced its output while spilling water from its South Island dams. Central to the regulator’s action is whether generators are free to manage their pricing to avoid parts of the national grid becoming constrained. When that hap...

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