Energy

Wholesale electricity prices continue to soar

Ian Llewellyn
Wed, 02 Jun 2021

Ian Llewellyn
Wed, 02 Jun 2021
Some large electricity users are facing even more pain with wholesale electricity prices hitting a record average high last week, Transpower said today.The continuing high wholesale prices come as the sector grapples with a shortage of gas and low hydro lakes.Transpower, the state owned national grid operator which holds responsibility for security of supply, said the wholesale electricity average price rose to $367 per megawatt-hour at Haywards, a 49% increase on the previous week. Price volatility was low with many trading periods seeing $400...

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