ICYMI: 'A lack of competitive pressure'
Authority finds a lack of competition led to $70m worth of electricity overcharging when Meridian spilled water; Greens want structural separation; Woods eyeing new 'tools' to help lower prices
ICYMI: Morena. The Electricity Authority confirmed there was an ‘undesirable trading situation’ a year ago that meant the wholesale market overcharged customers by around $70m when Meridian Energy spilled water instead of generating cheap power.
“There was a lack of competitive pressure which meant prices remained relatively high despite an abundant supp…
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