NZ Market: NZUs drift sideways amid lacklustre response to ERP

Published 07:09 on May 20, 2022  /  Last updated at 02:14 on May 21, 2022  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand Unit (NZU) spot price continued to float sideways on Friday, with the market giving the government’s Emission Reduction Plan released earlier in the week a relatively muted greeting, though some say the upcoming June auction could create prices movements off the back of an almost exhausted cost-containment reserve.

The New Zealand Unit (NZU) spot price continued to float sideways on Friday, with the market giving the government’s Emission Reduction Plan released earlier in the week a relatively muted greeting, though some say the upcoming June auction could create prices movements off the back of an almost exhausted cost-containment reserve.

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