Danger – Governments wants to overrule independent regulator

Stuff reports:

The Government will change the law to let it step in over the top of the country’s electricity regulator amid concerns the power industry may still not be on the right track.

Energy Minister Megan Woods dropped the bombshell in a wide-ranging Cabinet paper that also set out a delay to controversial plans to phase out electricity tariffs aimed at low-usage customers, and a fresh review of institutions governing the industry.

This should be of huge concern. This will increase the chance of power shortages as once politicians meddle in the electricity market, the consequences are generally bad for us.

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