Energy sector discusses risks of blackouts

Energy sector discusses risks of blackouts
Running Lake Pukaki lower will reduce but not eliminate risks says Transpower. (Image: NZME)
Ian Llewellyn
The energy sector is discussing how to avoid potential electricity blackouts in the coming months as the country grapples with an energy shortfall.Transpower’s regular system operator industry forum on Tuesday will take a new edge as the sector discusses the implications of its move to free up more water in key hydro lakes.As the system operator, Transpower is consulting on changing the rules to allow hydro generators to access their contingent storage. The move would trigger the water to be drawn down when the lakes' overal...

More Markets

NZ sharemarket falls 0.6% after Monday's surge
Markets Market close

NZ sharemarket falls 0.6% after Monday's surge

The S&P/NZX 50 Index closed at 13,113.19, declining 82.89 points or 0.63%.

Rocket Lab nabs Biden funding
Markets

Rocket Lab nabs Biden funding

Rocket Lab has hit a milestone by launching two Electron rockets within 24 hours.The New Zealand-American firm also said on Tuesday it had finalised US$23.9 million (NZ$41.3m) in Biden administration “Chips Act” funding.Proposed recipients of funding under the legislation, design...

Aroa posts $1.5m HY loss, forecasts annual profit
Markets

Aroa posts $1.5m HY loss, forecasts annual profit

Auckland surgical products company is forecasting annual profit of between $2m to $6m.

Pacific Edge posts $14.5m loss
Markets

Pacific Edge posts $14.5m loss

The cancer diagnostics company is awaiting outcomes of several events.