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Electricity regulator 'failing to protect consumers', says power firm


“This is more of the same track record of the authority failing to create rules that protect consumers, he said.
“The impact is complete loss of confidence in the market. It is consumers who will pay for this at the end of the day.”
The Government should now move to structurally separate ‘gentailers’ and break up Meridian’s generation assets, he said.
“At some point the minister has got to make a decision about whether she has got the right regulatory body.”
Woods responded that the authority had her confidence.
“It is important to note that the Electricity Authority is an independent agency which I cannot direct to regulate in specific ways,” she said. ....

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