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


Electricity Savings Update

Electricity Savings Update

The Winter Power Taskforce said today it was encouraged by current level of electricity savings and a temporary lift in hydro storage levels.

Winter Power Taskforce co-ordinator Patrick Strange said today that national savings effort climbed to 7.8 per cent for the 24 hours ended midnight Wednesday (May 21). Total demand for the 24 hours ended midnight Wednesday was 95.9 GWh, compared with 105.8 GWh last year.
Dr Strange said a major contributor to the high level of savings was unseasonably warm temperatures throughout the country reducing the need for space heating.

“This is obviously a very good result but we’ve had the weather on our side with unusually warm temperatures for this time of year. That said, the underlying level of savings is continuing its steady improvement.”

Dr Strange said the rain system crossing the country had also helped improve hydro storage levels, with the rain increasing hydro storage to 2164 GWh – 73 per cent of average.

He urged strong caution however, saying hydro storage levels were still only in line with the levels prevailing at the same time in 2001: “While this is an improvement on where we’ve been for the last few weeks, it is still a serious situation, particularly when we remember that we have higher demand and less thermal generation capacity than we had in 2001.

The weather forecast is now for drier, colder weather in the immediate future.

“We still have several months of winter in front of us and it is very important that we continue to conserve electricity in anticipation of colder, drier conditions,” he said.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>