Hydro lakes – weekly update - 10/7/01
Tuesday, 10 July 2001, 2:41 pm
Press Release: New Zealand Government
The latest information on hydroelectric lake levels supplied
to Energy Minister Pete Hodgson shows a slight decrease in
storage and continuing modest inflows.
Mr Hodgson is
getting regular information on hydro lake storage and is
releasing weekly updates.
In the week to 8 July storage
decreased from 73 per cent of the average for the time of
year to 71 percent of average. Inflow to the lakes was
steady at 67 percent of average.
Lakes Pukaki and
Tekapo, which account for 60 percent of national hydro
storage, remain low. At 8 July Tekapo was 46 percent full
and Pukaki 51 percent.
Wholesale electricity prices rose
again to more than 20c/kWh over the weekend, reflecting
ongoing wariness amongst generators over the low inflows to
the lakes.
"Current levels are significantly above those
in the crisis year of 1992 for this time of year," Mr
Hodgson said. "They are also significantly higher than this
year's low point of 59 percent of average on 7
June.
"However storage and inflows remain sufficiently
below average still to pose a modest risk of supply
difficulties later in the
year.
Ends
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