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

New Meridian boss warns market intervention comes with high risk
Markets

New Meridian boss warns market intervention comes with high risk

Mike Roan says electricity prices will come down in his term as CEO.

NZ sharemarket flat amid global fears of Iran strike
Markets Market Close

NZ sharemarket flat amid global fears of Iran strike

NZ investors are looking with concern at rumblings in the Middle East.

Tom Raynel 12 Jun 2025
Gas prices increase by up to 20%
Markets

Gas prices increase by up to 20%

Prices are up as some retailers decline new gas connections.

Ian Llewellyn 12 Jun 2025
US consumers ignore tariffs on King Salmon
Primary Sector

US consumers ignore tariffs on King Salmon

Growth hopes are pinned on its new Cook Strait 'open ocean' farm.

Pattrick Smellie 12 Jun 2025