Mercury advances Turitea, warns of regulatory risk

Tue, 12 Nov 2019

Mercury NZ says the electricity market is under stress and needs new generation investment if high wholesale power prices are not to start flowing into household prices.Wholesale prices have been high for more than a year and are being driven by factors much broader than just production issues at the Pohokura gas field, chief executive Fraser Whineray says.Commercial and industrial consumers are already paying more for electricity and the sector risks a political response if that starts affecting the residential market – just when the industry...

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