Households will pay for 9% structural increase in electricity prices

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
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...

More Energy

Ignorance a barrier to electrification of homes, survey shows
Energy

Ignorance a barrier to electrification of homes, survey shows

EECA survey shows 33% don't recognise electricity is cleaner than coal, gas and oil.

Ian Llewellyn 21 Apr 2024
Ōhau landowners blame lines company for $40m fire losses
Law & Regulation

Ōhau landowners blame lines company for $40m fire losses

They claim a power-pole fault due to a firm's negligence caused the devastation.

Ian Llewellyn 17 Apr 2024
Elon Musk and Jamie Dimon’s AI predictions
Technology

Elon Musk and Jamie Dimon’s AI predictions

Billionaire and banker have bold things to say about AI.

Less natural gas use drives NZ emissions down
News in Brief

Less natural gas use drives NZ emissions down

Industry emissions were down overall, but household emissions increased.

Staff reporters 11 Apr 2024