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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Konnichiwa: NZ Customs Service opens post in Japan
Rebecca Howard | Mon, 15 Aug 2022

The NZ Customs Services had just opened up a new customs counsellor position in Japan. 

Profile FREE
The 'shop with heart' bringing ethical gifts to Auckland and beyond
Ella Somers | Mon, 15 Aug 2022

A handshake and a love of vintage have seen Rose Hope and Sarah Firmston ride the highs and lows of running a small boutique since 2013.

Climate change
Bill on free NZUs puts some companies at risk
Ian Llewellyn | Mon, 15 Aug 2022

Climate change minister James Shaw has been working for some time to change the way free carbon units are allocated, with evidence that some polluting firms are being given too many.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.