Energy minister: Those hurting from high power prices made bad bet

Energy minister: Those hurting from high power prices made bad bet
Energy minister Megan Woods says power problems are serious but not critical yet.
Ian Llewellyn
The number of large electricity users being hurt by soaring wholesale electricity prices is higher than usual because they made the wrong bet on where power prices were heading says energy and resources minister Megan Woods.Lower than usual hydro lake levels, uncertainty about gas supply and generation plant outages have helped to push wholesale and spot electricity prices higher over the past several months.Transpower – the state-owned enterprise (SOE) national grid operator – said prices increased to $322/MWh (megawatt hour) at Ha...

More Policy

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

First look at NZICC, and SkyCity's hopes for $70m fund
Economy

First look at NZICC, and SkyCity's hopes for $70m fund

SkyCity's COO says a new govt fund should help fill empty hotel rooms across Auckland.

Dileepa Fonseka 15 Sep 2025
Real estate industry wants AML levy exemption
Finance

Real estate industry wants AML levy exemption

The real estate industry is warning an AML levy will drive up costs in the sector.

Michael Neilson 15 Sep 2025
Craigs' sweet spot for golden visa investors
Finance

Craigs' sweet spot for golden visa investors

Billionaires can go solo. For other wealthy investors, there's Craigs' new fund.