As the hydro lake level watch continues those hurt by high wholesale electricity prices lacked prudence says the regulator.
Smaller electricity retailers have rubbished the decision and are calling for the market regulator to be replaced.
Mercury NZ has come out with the upper hand, only having to add an extra $4 million to Tilt deal.
The electricity sector is on hydro watch as lake levels sink and power prices soar.
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articles by Ian