New Zealand electricity market

After capping electricity and gas prices for the benefit of households, protected consumers and public institutions, the government has now imposed a price cap on electricity supplied to micro, small and medium-sized companies.

Under a regulation adopted by the government on 30 December, the cap will be in force for six months starting from 1 January.

Today, the Commission for Energy and Water Regulation (EWRC) adopted a decision approving prices in the "Electricity" sector for the new regulatory period 1.07.2022 - 30.06.2023.

From July 1, the price of electricity for household consumers has increased by only 3.4%.

Greece plans to launch a power trading exchange next year to reform its electricity market in line with European plans for an interconnected energy grid which will help cut costs and improve energy security, it said on Tuesday.

Greece's wholesale electricity market is currently based on a mandatory pool system.

Public Power Corporation (PPC) warned on Thursday it could be hurt by electricity auctions being planned by Athens to open up the country's power market if pricing is too low.

There has been no disruption in the production of electricity. On the contrary, there has been excess electricity production. It is so high that selling electricity has become very cheap; producing and selling electricity actually results in a loss for companies. The best way to avoid losses is ?zero sales.?