Press Release – Flick Electric
Independent power company, Flick Electric, says todays decision by the Electricity Authority is a landmark outcome but points to major flaws with the countrys electricity market that need to be fixed to prevent more cases of market manipulation and poor …
Independent power company, Flick Electric, says today’s decision by the Electricity Authority is a landmark outcome but points to major flaws with the country’s electricity market that need to be fixed to prevent more cases of market manipulation and poor outcomes for consumers.
The Electricity Authority (EA) has confirmed Meridian spilled more water from its dams than it needed to in December 2019, reducing competition and driving up prices on the wholesale electricity market at a significant scale and duration.