Transpower cautious over hydro lake level rule changes

Transpower cautious over hydro lake level rule changes
Low water levels in Lake Pukaki last winter were a major worry for the sector. (Image: NZME)
Ian Llewellyn
Transpower has decided at this stage not to make any permanent change to the rules around triggering access to hydro lake water below normal operating levels ahead of winter 2025.However, as the electricity system operator, it will retain discretion to allow hydro generators to use more water than currently allowed if a repeat of last winter’s energy crunch emerges.The rules around how far lake levels can fall, particularly in the southern hydro lakes, are complex and mainly related to consents.Under the rules, Transpower can authorise hy...

More Markets

Ryman, Fletcher lift as market ends 9-day winning streak
Markets

Ryman, Fletcher lift as market ends 9-day winning streak

Market down despite Fletcher Building and Ryman Healthcare rising.

Allied Farmers shareholders back sale of NZ Farmers Livestock
Primary Sector

Allied Farmers shareholders back sale of NZ Farmers Livestock

Allied will hold $14m in reserves as it looks for its next investment opportunity.

BNZ profit dips as economic return proves sluggish
Finance

BNZ profit dips as economic return proves sluggish

Net-interest margin tiptoes higher but total operating income slips. 

Commerce Commission approves Huntly agreement
Markets

Commerce Commission approves Huntly agreement

Gentailer deal to keep Rankine unit running gets a quick tick.