I am guessing that maybe only Tiwai Point is significant, or are you just being a d**khead?
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Here is the full decision: file:///C:/Users/Admin/Downloads/Pre...-UTS-claim.pdf
Contact did not come out of it completely untouched as it is stated that Contact did offer in such a way that overnight generation was impacted. However it wasn't as bad or as blatant as Meridian and hence Contact were not guilty of a UTS.
There is a separate investigation into whether or not the High Standards of Trading Conduct provisions were breached. This is a less serious charge, but still it is one that no company wants to have decided against them.
Your response seemed unhelpful. I remember seeing it mentioned in an article about NZR which I can't now find and wondered whether this takes on the significance that Tiwai Point does. Asking on here to see if this might be an issue for the power companies as I don't know. I guess it doesn't.
FYI links that I could find.
https://www.mbie.govt.nz/dmsdocument...ions-paper-pdf
Its states NZR consumes 31% of northlands power (although this might not be much as nthld is pretty small)
It is a member of MEUG although this idoes not say where they rate regarding consumption or how much for that matter.
http://www.meug.co.nz/members-list
I suspect the fina figure will be less than that. The EA determined that an extra 55MW on average would have dispatched at a price of $6.75. However there is no way any the main generators in the South Island would allow the price to drop that low.
Over that period South Island generators paid Transpower approximately $6.40 per MW for the HVDC. Add to that the approximately $2.20 per MW opex cost and the minimum return per MW just to break even is $8.60. Therefore it would be foolish for South Island generators to allow sustained prices lower than this.
Classic pumped n dumped by big boys...they certainly knew the news will be out... Smelter will be closed
MCY actually went up? do they benefit
Yes they do