Meridian to cede Tekapo stations as Brownlie picks up reform proposals

Energy Minister Gerry Brownlie has adopted almost every major recommendation for electricity reform and gone further.

At a briefing in Wellington today, Brownlee outlined the government’s response to the Electricity Technical Advisory Group report.

Among major changes: Meridian Energy cedes the Tekapo A and B hydro stations to Genesis Energy and gains the Whirinaki diesel fired station; ‘virtual assets swaps’ for North and South Island power between Genesis, Meridian and Mighty River Power to shake up retail competition; and a compulsory hedge market. Details to come. 

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update