King Country Energy attacks grid charge overhaul, warns prices will rise

Wed, 25 May 2016

By Edwin Mitson May 26 (BusinessDesk) - King Country Energy, the central North Island power generator and retailer, has warned the Electricity Authority's planned overhaul of grid charges would both increase prices for its customers and leave it with little incentive to invest. On May 17, the Authority published a consultation paper on transmission pricing to replace the current two main charges - $150 million a year for the HVDC link between the North and South islands and an interconnection charge of $639 million a year, with two new ch...

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