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Electricity Authority has come down hard on Tiwai point trying to cut cheap deals on their power.

The EA will now require approval before any power company wants to make a 'big low price deal'

Though, they have confirmed that the smelter's 2021 deal with Meridian and Contact, believed to be less than 4 cents a unit, won't be affected by the ban.

Murray Ellis is an electricity consultant and joined Mike Hosking.

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