Tuesday, 22 December 2020, 8:44 am
The Electricity Authority’s Board has concluded its
investigation of the undesirable trading situation (UTS)
claim made by Haast Energy Trading, Ecotricity, Electric
Kiwi, Flick Energy, Oji Fibre, Pulse Energy Alliance and
Vocus (the ‘claimants’) in late December 2019.
The
Authority has found there was a UTS between 3 December and
27 December 2019.
James Stevenson-Wallace, Chief
Executive of the Authority says, "The Authority has
investigated all aspects of the claim, carefully considered
all submissions and concluded there was an undesirable
trading situation between 3 December 2019 and 27 December
2019."
"What we found in the wholesale market during
the UTS period were far from normal outcomes given the