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

Energy minister Megan Woods says power problems are serious but not critical yet.

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...

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