James Stevenson Wallace
Electricity Authority puts restrictions on very large electricity contracts
The Electricity Authority says very large electricity contracts will only be allowed under certain conditions, under a new interim restriction just announced this morning. The move targets very large… Audio
Evening business for Wednesday 27 April 2022
News from the business sector, including a market report. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6305232850001 Video, Audio
Transpower shortcomings responsible for last month's power outages: Electricity Authority
Shortcomings in Transpower's tools and processes were responsible for last month's power outages, according to the first phase of a review by the Electricity Authority. 34,000 households lost power on… Audio
Ban on win-back offers good for all power customers - regulator
Power companies will no longer be allowed to offer customers counter-offers if they look to leave for another retailer. Audio
Electricity Authority looks to industry to fix futures market
The Electricity Authority is asking the industry to help it fix the futures market, which can be volatile and create significant uncertainty about future power prices. Audio
Electricity Authority finds no collusion between generators
The Electricity Authority has cleared large power generators of manipulating the electricity market to profit from high wholesale prices. Audio
Low oil prices are taking a toll on small exploration companies
The petroleum and minerals regulator says small exploration companies are being hit hard by weak oil prices, and some are even thinking of giving up their exploration permits. Audio
