Once burnt twice shy, gentailers results show loss of confidence in gas

Gentailers results follow the rise and fall of hydro lakes, such as Pūkaki. (Image: NZME)

Mon, 03 Mar 2025

Earnings reports for the major electricity companies contained a number of common themes with two of the problems remaining beyond their control – concerns over the gas market and rain.Both of those boil down to the central concern of the sector, that is ensuring there is enough fuel to generate electricity whether it be water, wind, sun, coal, gas or even diesel.The results of all four gentailers were a mix of how short they were left when gas dwindled rapidly and how much they had to pay to cover the shortfall. All the results&rsqu...

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