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The Clyde dam is a major producer of electricity. In New Zealand the electricity market has no international competition and local competition is limited. Such a good is often described as ‘non-tradable’ because it cannot be traded internationally. The consequence of the lack of competition is that electricity producers were more likely to raise prices.
Te whakamahi i tēnei tūemi
Te Ara - The Encyclopedia of New Zealand
by Jock Phillips
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