US Edition'Our energy market is broken': Letter from industry bodies asks PM for urgent reforms
NEW ZEALAND, JUL 13 – Industry groups warn that delays in new electricity generation and gas shortages have pushed prices up 6.2% in a year, urging urgent reforms to restore market stability.
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5 Articles
The National Commission on Markets and Competition (CNMC) has presented its proposal of regulatory changes that will determine what energy companies will charge over the next six years for the regulated business of electricity networks. The agency’s proposal, which is very much awaited by the energy sector, anticipates a shock for companies, because the payments that the agency offers them are far below the aspirations of companies for a busines…
As the summer season approaches, the periodic anomalies on the electricity market receive an increased annual attention.
Business and consumer groups urge Luxon to fix 'broken' energy market - Daily Telegraph NZ
A powerful coalition of business and consumer organisations has issued a public plea to Prime Minister Christopher Luxon to overhaul New Zealand’s “broken” energy sector. In an open letter published in newspapers today under the headline “Our energy market is broken”, the signatories—including the Auckland Chamber of Commerce, Consumer NZ, and four independent power retailers—warned that the country is running out of gas, energy prices are skyro…
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