New Zealanders not having power on one of the coldest nights of the year was not acceptable, Energy Minister Megan Woods has just told media.
And Prime Min
Wholesale electricity prices remain high despite above average hydro lake levels rnz.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rnz.co.nz Daily Mail and Mail on Sunday newspapers.
Heavy rain across the country has pushed hydro lakes levels to above average following a dry period but wholesale electricity prices still remain elevated.
O’Connor said the suspension was ironic, given Consumer NZ named Flick “energy retailer of the year”, and was tough for staff and the business. But it didn’t make sense for any independent retailer at the moment to be acquiring new customers, he said. The suspension does not affect a “small number” of sign-ups through Flick owner Z Energy, which began selling power plans under its own brand in March, sourcing its power and services from Flick. The wholesale price of electricity has spiked this year, with spot market prices spending long periods above 30 cents a kilowatt hour. Energy Minister Megan Woods has expressed concern high prices could persist and Enerlytica analyst John Kidd has said uncertainty is affecting futures prices out until 2024.
Premature to say whether $13 billion Meridian could be forced to shed assets stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.