Power price risk from misunderstood gas disclosures - Genesis

Power price risk from misunderstood gas disclosures - Genesis
Gavin Evans
Tighter drafting is needed in new electricity industry regulations to prevent common misunderstandings of gas supplies making wholesale power prices unnecessarily volatile, Genesis Energy says.New guidelines on when generators should disclose changes in their coal, gas or diesel supplies should apply only when there has been a significant change and when higher prices are likely as a result, the company told the Electricity Authority.Genesis, the country’s biggest operator of gas and coal-fired generation, said uncertainty about gas suppl...

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