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Scoop Electricity Scoop NZ - Electricity News Headlines from Scoop Power price spikes hurt many businesses, damage confidence Many businesses buying power at spot prices have been caught out over the past two week-ends as power prices spiked as high as $19,000 Mwh, the Employers & Manufacturers Association says. Advance copy of the Government's New Zealand Energy Strategy Press release: Advance copy of the Government's New Zealand Energy Strategy : Coal Action Network Aotearoa Sunday 3rd April FOR IMMEDIATE USE Genesis Energy Updates Proposed Capital Bond Offer - 1 April On 17 December 2010 Genesis Power Limited, trading as Genesis Energy, announced that it was considering making an offer of unsecured, subordinated Capital Bonds to the New Zealand public. Genesis Energy wishes to advise that it expects to register the ... Customer compensation scheme introduced The introduction of Electricity Authority’s Customer Compensation Scheme today is a welcome step forward for the electricity sector, Acting Energy and Resources Minister Hekia Parata said today. “Another important milestone has been achieved ... No one asked us for a hedge contract, says Contact Energy April 1 (BusinessDesk) – Contact Energy Ltd. says it would have offered hedge contracts to cover last Saturday’s massive wholesale electricity spot market price spike, but it got no approaches from generators now complaining at a massive surge in prices ...