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

 

Electricity shortages last thing business needs

Media release

Newmarket Business Association

Sunday - 6 November 2005


Electricity shortages the last thing business needs

Warnings from Transpower that there could be electricity shortages in Auckland by next winter is the last thing local businesses need, according to the country’s leading retail and commercial district.

“Business confidence is at rock-bottom, consumer spending is waning, interest rates are going up, economic growth is slowing, and now Auckland businesses face another potentially crippling blow,” said Cameron Brewer, head of the Newmarket Business Association.

National grid company, Transpower, has long argued that a 220 kv line through metropolitan Auckland from Otahuhu to Henderson badly needs upgrading. Manukau and Waitakere city councils have given their approval but Transpower CEO Ralph Craven says the Auckland City Council has now delayed the upgrade for two years.

“Businesses and residents alike deserve to know why the Auckland City Council is blocking this urgently needed infrastructural upgrade. 2006 is looking bleak enough without adding electricity shortages to the mix.”

Mr Brewer said memories of the 1998 Auckland power crisis are still vivid. The five-week blackouts cost the country at least $600 million and retailers an estimated $10 million a day.

“While the potential implications aren’t as severe as 1998, Transpower is none the less now warning of cold showers and electricity cuts by next winter.”

“Auckland City Council says it wants to work closer with its neighbouring cities. Well, guaranteeing the region a constant supply of electricity would be a good start.”

“Auckland businesses need electricity shortages like a hole in the head. The business community eagerly awaits action from the Auckland City Council to avoid such a costly and unneccessary situation,” said Mr Brewer.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:



Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>