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High wholesale power prices unsustainable: Contact boss

Ian Llewellyn
Tue, 17 Aug 2021

Contact says expanding geothermal plants like the one pictured is on the cards (Image: Supplied).
Ian Llewellyn
Tue, 17 Aug 2021
Current high wholesale electricity prices are not sustainable in the long term for industrial users, but the solution lies in more generation and not political intervention, says Contact Energy chief executive Michael Fuge.Yesterday, Contact reported a 50% jump in net profit to $187 million with high wholesale electricity prices caused by gas shortages and low hydro lakes helping pump up the bottom line.The result was achieved on revenue of $2.57 billion, compared with $2.07b a year earlier, and slightly above the $2.52b recorded in t...

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Why US private equity still sees a silver lining in the All Blacks
Trevor McKewen | Sat, 16 Oct 2021

 Silver Lake has been battered from pillar to post in the great Kiwi rugby debate. So, why is it not giving up?

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OTM this week: who is the go-to lawyer for high net worth New Zealanders, can this listed company boss rev up his firm, which tech exec is living la vida normal, and more.

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Samantha Barrass, Rob Everett’s successor at the FMA, may have a baptism of fire.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.