Energy

Households will pay for 9% structural increase in electricity prices

Ian Llewellyn
Fri, 08 Jul 2022

Households will pay for 9% structural increase in electricity prices
Structural increases in building new generation such as wind farms will flow through to prices, says an analyst. (Image: Depositphotos)
Ian Llewellyn
Fri, 08 Jul 2022
Wholesale electricity prices are undergoing a 9% fundamental lift in price that will flow through to residential household bills, says an analysis by Forsyth Barr.The higher cost of thermal fuels such as coal and gas has been driving wholesale prices up in recent times, but the analysis by Forbar suggests there has been a structural change in the cost of building new generation that will push up prices in the longer term as well.Its revised long-run wholesale electricity price assumption at Otahuhu is $101 per megawatt-hour (MWh) and at Benmore...

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