Press Release – Electricity Authority The Authority today released a consultation paper on the proposed actions to correct the 2019 undesirable trading situation (UTS). In December 2020 the Authoritys Board concluded there was a UTS between 3 and 27 December 2019. The decision followed …
The Authority today released a consultation paper on the proposed actions to correct the 2019 undesirable trading situation (UTS).
In December 2020 the Authority’s Board concluded there was a UTS between 3 and 27 December 2019. The decision followed a year-long investigation into a claim made by Haast Energy Trading, Ecotricity, Electric Kiwi, Flick Energy, Oji Fibre, Pulse Energy Alliance and Vocus (the ‘claimants’) in late December 2019.
Press Release – Electricity Authority The Electricity Authoritys 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) …
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.”
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.
Tuesday, 22 December 2020, 12:31 pm
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.
This finding comes on the back of the
Undesirable Trading Situation (UTS) Claim made in 2019 by
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