Court finds electricity regulator made $130m error
A decision to apply "scarcity pricing" of $10,000 a MWh one night in the winter of 2021 is over-ruled after a challenge by Haast Energy.
The ruling follows a near-blackout during a period of high power demand in August 2021.
The High Court has scolded the Electricity Authority over a decision to allow sky-high “scarcity prices” during a grid emergency in August 2021.
The ruling follows a challenge to the EA’s decision by electricity trader Haast Energy and its sister company Electric Kiwi after a $130 million
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