Energy minister: Those hurting from high power prices made bad bet

Ian Llewellyn
Sat, 17 Apr 2021

Energy minister Megan Woods says power problems are serious but not critical yet.
Ian Llewellyn
Sat, 17 Apr 2021
The number of large electricity users being hurt by soaring wholesale electricity prices is higher than usual because they made the wrong bet on where power prices were heading says energy and resources minister Megan Woods.Lower than usual hydro lake levels, uncertainty about gas supply and generation plant outages have helped to push wholesale and spot electricity prices higher over the past several months.Transpower – the state-owned enterprise (SOE) national grid operator – said prices increased to $322/MWh (megawatt hour) at Ha...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets analysis
KiwiSaver: The cost of being too conservative
Andy Fyers | Wed, 23 Jun 2021

A seemingly sensible decision to hold default KiwiSaver in low-risk funds, proved to be a costly one.

Regulation shortfall as platforms hit high times
David Chaplin | Wed, 23 Jun 2021

New Zealand investors are getting very comfortable using new, 'micro-investing' platforms, making gaps in their regulation important to address.

NZ may not feel full covid economic impact for 2, 3 years
Jenny Ruth | Wed, 23 Jun 2021

Banks hadn't accounted for unprecedented government economic support when they estimated likely covid losses early into the crisis.

Partner Content
Business events are increasingly important for corporates

Working from home is great, but there's real value in face-to-face connections.

Centuria provides new opportunities for industrial property investors

Centuria Capital is embarking on its second capital raising since merging with Augusta Capital in 2020.