Page 3 - Cameron Burrows News Today

But dry weather, gas shortages, and a long spell of relatively low investment in new generation have combined to send spot market prices soaring above 30 cents a kilowatt-hour for much of this year. Spot market prices have been reflected in steep rises in electricity futures prices, which are threatening to flow though into broader price rises for small businesses and consumers. The proportion of electricity generated by renewables has slipped below 80 per cent as the Huntly Power Station bu...

KEVIN STENT/Stuff People who had invested in solar energy or who used gas or wood burners would be likely to be among the losers if electricity companies were no longer required to offer low-user tariffs. Energy Minister Megan Woods says she expects to decide by the end of June how to phase out “low user” electricity tariffs, which tend to advantage people who use gas or solar electricity or who live alone. Woods said last week she “remained concerned about the impact phasing out these r...

UK electricity upstart hires former Powershop boss for New Zealand launch 17 Jan, 2021 04:00 PM 4 minutes to read Ari Sargent, who ran Powershop for close to a decade, has been hired by UK electricity retailer Octopus Energy, which plans to launch in New Zealand later this year. Photo / Mark Mitchell Ari Sargent, who ran Powershop for close to a decade, has been hired by UK electricity retailer Octopus Energy, which plans to launch in New Zealand later this year. Photo / Mark Mitchell A fast-gr...

File photo. Photo: 123RF Data released by the Ministry of Business, Innovation and Employment showed the national average residential power bill was down by $126 a year, on five years ago. The average household bill in New Zealand was found to be $2113 a year, one of the lowest annual bills in the developed world. The Electricity Retailers Assocation said some customers still had high power bills in winter because of the poorer quality of their housing which requires higher use. But on averag...

Surprised? NZ's average annual household power bill one of the lowest in developed world.