Haast Energy to appeal ‘error’ on extreme blackout pricing
Electricity trader says Electricity Authority has failed to follow rule of law.
Although Transpower did not order power disconnections there was still effectively price scarcity, said the EA.
Electricity trader Haast Energy says it is filing a High Court appeal against the Electricity Authority’s ruling allowing generators to keep $130 million of extra revenue garnered in the power cuts of August 9 last year.
The regulator last week issued its final ruling on the blackout saying no
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