Perverse decision on power pricing
ANALYSIS: Flaws in our energy market are apparent in fallout from last year’s blackout.
The Electricity Authority said Transpower's decision to invoke scarcity pricing was incorrect but it should stand nonetheless.
You can sense the umbrage leaping off the page in the letter from Bold Trading co-founder Chris Darmanin.
“It is our strong view that the UTS process is being abused by market participants for their gain, at the expense of both the market and consumers,” he wrote.
“Furthermore, the time which
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