"Interestingly, the Electricity Authority will provide a decision on that particular event this week. More recently, major businesses NZ Steel, Fonterra and Winstone Pulp criticised the Electricity Authority for failing to address the shortcomings of the electricity market properly. In addition to facing the prospect of potential blackouts, New Zealand families also face incredibly high power costs. The Electricity Authority report suggested families were paying as much as $200 a year more than they should be. "We already had an electricity market review and we've now also had the wholesale market review.

Source: New Zealand Herald June 28, 2022 01:36 UTC