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Generators can keep $130m from blackout price spike, says EA

Regulator's final ruling confirms Genesis and Contact acted reasonably.

Weed on intake screens at Genesis Energy's Tokaanu power station contributed to the power shortage on August 9 last year.

Tim Hunter Tue, 28 Jun 2022

The Electricity Authority has decided generators can keep an extra $130 million charged on wholesale power prices during the blackout in August last year, while also ruling decisions by Genesis and Contact not to generate power that day were reasonable.

A shortage of power during a period of peak

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Generators can keep $130m from blackout price spike, says EA
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