Are gentailers using market power to elevate electricity prices?

Major electricity users question elevated wholesale electricity prices. (Image: Getty)

Tue, 22 Mar 2022

Major electricity users are questioning whether major power companies are using their market power to push up wholesale electricity prices to near double their long-term historical average.The Major Electricity Users Group (MEUG) has also warned regulators that the same companies could ‘rent-seek’ if there are changes to current market settings to accommodate the shift toward a 100% renewable electricity system.The Electricity Authority (EA) is currently considering how the market would function with a higher level of renewables in...

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