More players and more investment needed to reach 100% renewable electricity: Electricity Authority
17 Oct 2022
By Ian Llewellyn - Energy & Environment
The latest stage in the wholesale market review by the Electricity Authority finds that despite lingering doubts about the misuse of market power the best way forward is to encourage more investment, particularly from new players.
Noting the effectiveness of the new trading conduct rule and the scale of actively pursued new investment by independent developers, the Authority considers that reliance on the current conduct-based measures remains broadly appropriate for the transition toward 100% renewable electricity.
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