Kiwi,
To my understanding of the deal, the DC Link was installed to take up any slack in the lack of capacity in the North Island.
What has happened however, instead of the North Island Power generators building new generation capacity, they have just expected the DC Link to provide a supply to an ever-increasing load.
Now, where we lose out down here, is that when we have a dry summer or winter, it is the South Island that is asked to save power first.
North Island power prices should reflect the cost of getting the supply there, not expecting the supplier to pay for it.
