Scoop has an Ethical Paywall
Non-Payment Breach Allegations
Non-Payment Breach Allegations
The Electricity Commission has received breach allegations relating to non-payment of industry participants by the Clearing Manager, NZX, on Friday, 20 August.
The breach allegations have been brought by Mighty River Power, Genesis Energy and Contact Energy.
The Commission has also received breach allegations from the Clearing Manager against Pulse Utilities in relation to the alleged non-payment.
“The alleged breaches will be investigated in accordance with the Electricity Act 2003, to determine what actually happened, ascertain the cause(s) and take appropriate action” said Electricity Commission Chair, David Caygill.
“What we do know is that the payments due by 16:30 on Friday were settled by 8:30 am on Monday 23 August.”
At this time, there was no reason to be concerned about the ongoing integrity of market settlement, said Mr David Caygill.
ends
Zhenbo Wang, The Conversation: From New Commercial Moon Landers To Asteroid Investigations, Expect A Slate Of Exciting Space Missions In 2025
Worldline: Boxing Day Spending Up On Last Year, But Pre-Christmas Spending Is Slightly Down
Skoltech: Scientists Reinvent Physical Laws Governing Formation Of Snowflakes, Raindrops, And Saturn’s Rings
Trademe: Trash To Treasure - Kiwi Make The Most Of Unwanted Christmas Gifts 
Financial Markets Authority: FMA Seeks Clarity From High Court On Use Of Eligible Investor Certificates In Wholesale Investment Sector
Scion: Scion’s Novel Internship Model Connects Talent With Industry
