Power regulator moves to block ‘rent seeking’ in Tiwai contract
Electricity Authority makes ‘urgent’ amendment to market rules pending consultation on permanent change.
Tiwai Pt aluminium smelter is in talks on a new power contract.
The Electricity Authority has intervened in the market to block power companies offering subsidised deals to big users such as the Tiwai Point aluminium smelter.
The regulator made the change in an “urgent” temporary amendment to the Electricity Industry Participation Code pending consultation
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