Articles tagged with Electricity Market
Electricity Authority Chair Announces Resignation: Future Reforms and Vacancy Updates
1 week ago | 106 viewsElectricity Authority Chair Anna Kominik has resigned, with Energy Minister Simon Watts expressing gratitude for her leadership and contributions to significant reforms in the electricity sector. Ms Kominik's departure is tied to a new opportunity and the completion of the Frontier Economics Review of Electricity Market Performance, with plans for an organisational review before her replacement is appointed. The Government aims to strengthen the Authority's enforcement and analytical capabilities, with a focus on pro-competitive initiatives that prioritize consumer benefit and public value.
Tags: Anna Kominik Simon Watts Electricity Authority resignation Energy Minister reforms Frontier Economics Review electricity market consumersEnergy Minister Hails New Rule to Boost Competition and Lower Power Prices
2 months ago | 313 viewsEnergy Minister Simon Watts welcomes a new rule by the Electricity Authority to boost retail competition among smaller power companies, aiming to lower power prices for struggling Kiwis. The rule will prevent large power companies from cross-subsidizing themselves and offering discounts, creating a level playing field for all competitors. These changes, developed under the Energy Competition Task Force, aim to encourage investment in new generation and improve economic outcomes, with further improvements to be consulted on later this year.
Tags: Simon Watts Electricity Authority Kiwis Government Energy Minister Power companies Competition Electricity market Consumers Energy pricesKiwi Electricity Bill Savings Boosted by New Energy Market Changes
3 months ago | 768 viewsThe Electricity Authority announced changes aimed at reducing electricity bills for Kiwi households and businesses, with a focus on fair pricing for rooftop solar and battery exports and introducing time of use plans. The government is also working on a review of the electricity sector to ensure fair prices and address energy shortages. These changes are expected to incentivize uptake of solar and battery systems, reduce power prices over the long term, and enable small-scale systems to meet peak demand.
Tags: Kiwi households businesses electricity bills Energy Minister Simon Watts Associate Energy Minister Shane Jones solar electricity generation power bills electricity sector electricity market