Regulators team up to address energy crunch

(Image: NZME)

Wed, 28 Aug 2024

The Electricity Authority and the Commerce Commission have set up an Energy Competition Task Force to look for ways to strengthen the market and put downward pressure on prices given the current energy crunch.There are regulatory levers that can be used to ensure independent generators and retailers are better able to compete in the market and encourage more investment in new generation, said Electricity Authority Board chair Anna Kominik."Bringing more generation online sooner puts more electricity into the system, which is the best...

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