But Harbord said the Interim Climate Change Committee had found prices above $115/MWh were “unaffordable for the economy”. Woods said in a June letter to retailer ElectricKiwi that she was concerned about the current performance of the electricity market “and whether the current shift towards higher electricity prices will persist and continue to adversely affect smaller retailers and consumers”. The Electricity Authority is currently conducting a review of the wholesale market, which it expects to complete in September. Independent retailers ElectricKiwi and Flick Electric have previously said they have lost confidence in the regulator. ElectricKiwi chief executive Luke Blincoe told Woods the authority had sought to “put a positive spin on the market it has designed, even when it’s failing”.
North-island
New-zealand-general
New-zealand
South-island
John-kidd
Luke-blincoe
Megan-woods
John-harbord
Barbara-kuriger
National-party
Electricity-authority
Climate-change-committee