Lake Pūkaki returns to average levels, relieving some worries about next winter's electricity supply

Lake Pūkaki returns to average levels, relieving some worries about next winter's electricity supply
NZ's largest hydro lake has been replenished. (Image: Meridian)
Ian Llewellyn
Lake Pūkaki is above its long-term average storage level for the first time since May, alleviating some concerns about winter 2025.New Zealand’s largest hydro storage lake has been below the 91-year average since May and was at record low levels as recently as mid-August. This lack of stored water, a shortage of gas and less wind than usual led to record-high sustained average wholesale electricity prices above $800 a megawatt hour, putting pressure on those businesses exposed to the spot price.There are fears the energy crunch durin...

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