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Winstone closures exemplify the problems with the electricity market - Octopus Energy

Author
Newstalk ZB,
Publish Date
Wed, 11 Sep 2024, 10:06am
Photo / Bevan Conley
Photo / Bevan Conley

Winstone closures exemplify the problems with the electricity market - Octopus Energy

Author
Newstalk ZB,
Publish Date
Wed, 11 Sep 2024, 10:06am

A relatively new player in the New Zealand power market has hit out at the Electricity Authority and Government amid the power crisis.  

Octopus Energy says that the closure of Winstone Pulp is a sign that urgent change is needed. 

They believe the Government’s decision to scrap the Lake Onslow reservoir project has discouraged electricity investment. 

COO Margaret Cooney told Mike Hosking it could have helped tackle the issue of competition in New Zealand's electricity market. 

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