Government may intervene as power prices double in three weeks

Summarised by Centrist

Wholesale power prices in the country have doubled in three weeks, prompting Associate Energy Minister Shane Jones to consider regulatory intervention. “The gentailers no longer operate in New Zealand in a way that enhances competitiveness,” Jones said. With hydro lake storage at 57% of normal, major energy users are at risk, and the government is exploring measures to address market deficiencies.

Read more over at NewstalkZB

Enjoyed this story? Share it around.​

Subscribe
Notify of
guest
0 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments

Read More

NEWS STORIES

Sign up for our free newsletter

Receive curated lists of news links and easy-to-digest summaries from independent, alternative and mainstream media about issues affect New Zealanders.