Wednesday, 15 February 2017

Rain-soaked summer fills hydrolakes, but one NZ energy company's raised its prices

If you've had a rubbish summer, here's some minor consolation: All that rain might be good for your power bill.

The hydrolakes are now at good levels, meaning generators are unlikely to have to rely on more expensive generation, from non-renewable sources, to meet demand.

"The hydrolakes are tracking well above average storage levels for this time of year," said Electricity Authority chief executive Carl Hansen.

"Such a high level of hydro storage for the start of 2017 means more expensive generation may not have to operate as often, and is currently leading to low prices for wholesale electricity contracts for 2017.

from
http://www.stuff.co.nz/business/89434359/Rain-soaked-summer-fills-hydrolakes-but-one-NZ-energy-companys-raised-its-prices

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