Wholesale power rethink needed - Flick

Wed, 24 Jun 2020

All electricity retailers should be required to buy their supplies through the spot power market and hedge markets to level an unfair playing field, Flick Electric says. The current market structure, in which generators are able to sell directly to their retail arms under fixed-price, variable volume contracts, effectively shields the major listed players from the more volatile wholesale and futures prices that their smaller rivals face, Flick told the Electricity Authority. Making all retailers buy power through the market would put all...

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