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New Energy Plan Will Unleash Energy Market And Transform Economy
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Scoop NZ - Business
New Energy Plan Will Unleash Energy Market And Transform EconomyNew Zealand faces a once-in-a-generation opportunity to transform the economy, but only if political leaders have the courage to address deep-seated structural problems in the energy market.
That is the message from the Auckland Business Chamber which, together with the Northern Infrastructure Forum and a host of independent energy companies, is today launching a two-step plan for reform of the energy market.
It also incentivises them to withhold firming from independent projects – those projects can’t get off the ground without it.
This has led to a shallow and illiquid contracts market – independent retailers are shut out, and competition hasn’t developed.
It simply means the internal deal-making that currently keeps the contracts market illiquid is replaced by real market trading.”