Tensions run high as electricity market reviewed

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
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...

More Law & Regulation

Auckland Council spends $195k defending Downtown Car Park challenge
Law & Regulation

Auckland Council spends $195k defending Downtown Car Park challenge

Vacated legal challenge resulted in no concessions, council says.

Tom Raynel 26 Jul 2024
Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
Officials move on Richard Yan’s castle
Property

Officials move on Richard Yan’s castle

Richard Yan's extensive heritage property is being sold following his bankruptcy.

Tom Raynel 26 Jul 2024
Minister's $200m tobacco tax cut bypasses Cabinet requirements
Policy

Minister's $200m tobacco tax cut bypasses Cabinet requirements

Researchers say there's more evidence to support the repealed Smokefree policies.

Jem Traylen 26 Jul 2024