close
MENU
General Business
4 mins to read

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

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Tue, 28 Jun 2022
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Generators can keep $130m from blackout price spike, says EA
General Business,
94611
true