Tag Archives: NZ Power

Tauranga-based electricity company Trustpower says it remains committed to its renewable energy projects in Australia, in spite of the uncertainty created by the review of the Renewable Energy Targets policy by the federal government. Meridian Energy canned a 34 Megawatt hydro scheme in Northern Queensland last week, citing the uncertainty created by a long-running review of the RET, which Prime …

Power companies face a ban on so-called “save” calls, where they ring a customer departing for a rival and try to entice them back with a better offer, to the dismay of large electricity retailers. The Electricity Authority published its decision today to ban the practice, but has stopped short of banning “win-back” offers, in which an electricity retailer tries …

Energy and Resources Minister Simon Bridges has formally requested the Electricity Authority conduct an inquiry into the Auckland power outage. All power has been restored to the 85,000 households and businesses that had their electricity cut in the early hours of Sunday morning after fire damaged cables at Transpower’s Penrose substation.  The two days of disruption costs millions of dollars in lost sales …

The American academic whose work underpins the Labour Party’s electricity policy says New Zealand’s existing market arrangements are starting to work better and should be improved further. In a wide-ranging interview with BusinessDesk, Professor Frank Wolak of Stanford University described the Labour-Greens NZ Power single buyer policy as “a sham that might make me feel a bit better”, but was …