Power market reform needed to decarbonise - Genesis

Power market reform needed to decarbonise - Genesis
Gavin Evans
The wholesale electricity market will need to change if rising carbon costs are not to become a disincentive to the electrification of transport and industry, Genesis Energy has told the government.The carbon budget the government has proposed for 2021-2025 and changes to the emissions trading scheme will increase electricity prices for all consumers, regardless of how that power is generated, the company said in submissions on the ETS and a discussion paper on ways to encourage more renewable generation.Genesis said the current electricity mar...

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