KIT's Basslink says it will comply with 'unnecessary' pricing directive

Singapore

BASSLINK, the undersea power cable company, said on Monday that the new directive from Australian state enterprise Hydro Tasmania that restricts Basslink from operating at full capacity except during critical periods when demand pushes wholesale power prices to their maximum, will result in "adverse consequences".

The pricing directive from Hydro Tasmania was set out in a market statement on Oct 18. Hydro Tasmania said at the time that the bidding instructions will reduce the risk of the Basslink cable operating above its design limits.