http://feedproxy.google.com/~r/beehive-govt-nz
The Minister for State-Owned Enterprises
'It is utterly unacceptable that
'The Meridian Board Chair and Chief Executive have been told to front up to my office and explain themselves before the House rises on
'It is a damning preliminary finding by the Electricity Authority and there is something very wrong with the regulation of the energy market when it takes a complaint for market manipulations to be investigated and acted upon.
'Spilling water while generating below capacity resulted in higher wholesale prices as well as relying on more costly coal-fired generation out of Huntly power station.
'As one complainant put it, the result of Meridian's action was about 6000 tonnes of additional carbon emissions, the equivalent of about 50,000 Toyota Corollas chugging around our roads during that December period.
'It is unsatisfactory and long-suffering energy consumers deserve better,' ended
.
(C) 2020 M2 COMMUNICATIONS, source