Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

June Sees Fall In Wholesale Electricity Price

Average wholesale electricity prices in June fell over the month in comparison with prices in May.

A feature of the price in June was a clear demarcation in the prices for the upper North Island with the rest of the country – the average price for Otahuhu (an upper North Island grid point) was 4.85 c/kWh. Contributing to this demarcation were constraints in parts of the national grid, particularly above Lake Taupo.

In contrast the average monthly price for Haywards, the North Island reference point, was 3.81 c/kWh, a fall from 4.10 c/kWh in May. Benmore, the South Island reference point, also recorded a decrease in price to 3.49 c/kWh from 3.86 c/kWh in May.

At the end of June national storage was at 3,503 GWh, 138% of the average for this time of year. South Island storage was 3,266 GWh, which is 152% of average.

-ends-

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>

ALSO:

Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>

ALSO:

Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>

ALSO: