Predictions of falling power prices do not stack up say major electricity users

Claims of cheaper power prices are not justified says major electricity users.

Mon, 29 Mar 2021

The Major Electricity Users Group warns the Climate Change Commission’s prediction of cheaper power prices in the future are not likely to eventuate.It also says the Climate Change Commission’s call for urgency to reduce greenhouse gas emissions is not justified by its analysis or modelling, which underpins many of the assumptions – including lower electricity prices.Submissions on the commission’s draft carbon budgets and associated advice closed on Sunday.MEUG, which represents many of New Zealand’s major electri...

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