Tensions run high as electricity market reviewed

Meridian Energy's electricity deal with Tiwai Point aluminium smelter has heightened tensions with the regulator. (Image: Getty)

Ian Llewellyn

Mon, 06 Dec 2021

Meridian Energy threatened court action against the electricity sector regulator as tensions ran high in the initial stages of its review of the market.Correspondence with the Electricity Authority (EA) shows the country’s largest electricity generator took strong exception to the direction being taken as the regulator examined the state of competition in the wholesale market. The work is ongoing and follows an extended period of high wholesale prices in 2020 and early 2021.The final report noted the gas supply constraints and drought in...

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