Renewables shift may increase power price volatility - Contact

Mon, 12 Aug 2019

By Gavin Evans Aug. 14 (BusinessDesk) - Wholesale electricity prices may be more volatile for “a few years” as the country replaces more of its gas-fired generation with renewable supplies, Contact Energy says. The company is preparing to decide early next year on the timing and scale of its next geothermal plant on the Tauhara field north and east of Taupo. Chief executive Dennis Barnes says all the firm’s work to date suggested the new plant could deliver power at a gas-equivalent cost of $4.50-$5 a gigajoule, compared with the more...

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