this post was submitted on 11 Aug 2024

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Pressure on power companies to act as energy woes mount (www.rnz.co.nz)

submitted 3 months ago by deadbeef79000@lemmy.nz to c/newzealand@lemmy.nz

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Remember when we were told that privatisation of power generation would lower prices?

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[–] Ilovethebomb@lemmy.nz 5 points 3 months ago

The short version is it's an auction, retailers and large users bid against each other on the spot market. There's also stuff like futures contracts etc.