Renewables, market power may force electricity generation market change - academic

Jonathan Underhill
Fri, 14 Sep 2018

By Gavin Evans Sept. 14 (BusinessDesk) - New Zealand may have to consider changing its wholesale electricity market as increasing volumes of solar and wind energy make it harder to fund traditional large-scale generation, an Auckland academic says. The falling cost of wind and solar technology, which already have very low operating costs, may undercut the wholesale power prices New Zealand generators have traditionally relied on to fund investment in new plants. Stephen Poletti, a senior lecturer in energy economics at the University o...

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