Analysts puzzled by electricity regulator's analysis

Analysts puzzled by electricity regulator's analysis
Analysts may be puzzled by electricity regulator's views, but they provide great ammunition for energy minister Megan Woods. (Image: Getty)
Ian Llewellyn
Energy sector analysts are puzzled by the Electricity Authority’s wholesale electricity market review, but energy minister Megan Woods has used it as ammunition to fire shots and again indicated she is keen to look at political intervention in the market.The review looked at the workings of the market and a period of elevated wholesale prices.The Electricity Authority (EA) noted the influence of gas supply constraints and drought in the hydro catchment in driving up the price.However, it said not all these issues explained the price rises...

More Markets

Air NZ issues profit downgrade on soft conditions
Markets

Air NZ issues profit downgrade on soft conditions

North American market impacted by competitive pricing pressures. 

NZ sharemarket down 1.13% for the week
Markets Market close

NZ sharemarket down 1.13% for the week

The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

Graham Skellern 19 Apr 2024
Bell Potter boosts Santana target price 53.5%
Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 19 Apr 2024
Anna Palairet appointed Fonterra's chief operating officer
Primary Sector

Anna Palairet appointed Fonterra's chief operating officer

Having acted in the role since June last year, she replaces Fraser Whineray.

Riley Kennedy 19 Apr 2024