NZ Windfarms chair Kerr-Newell urges incoming govt to look at market structure

Tue, 26 Sep 2017

By Paul McBeth Sept. 26 (BusinessDesk) - NZ Windfarms chair Rodger Kerr-Newell wants the next government to have another look at the structure of the electricity market, which he says is stacked against the expansion of wind generation. Speaking at today's annual meeting in Auckland, Kerr-Newell told shareholders it was becoming harder to turn a profit in the wind sector in a market where the large generator-retailers were facing a smaller decline in wholesale prices than wind farms while also enjoying higher retail prices. "This idio...

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