Power price probe asks: was there more to it?

Mon, 09 Nov 2020

Higher than expected wholesale power prices last December may have been due to more factors than just Meridian Energy and Contact Energy spilling water from their South Island dams, according to the Electricity Authority.The industry regulator has been investigating the unexpectedly high prices, which some industry critics say is evidence that the electricity market is broken in large generators' favour.Meridian copped most of the blame for the incident, which is now the subject of an 'undesirable trading situation' (UTS) investigat...

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