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Electricity Authority's defence of power market prompts backlash


Tom Pullar-Strecker05:00, Apr 30 2021
Stuff-co-nz
Flick Electric chief executive Steve O Connor says he has a growing conviction the electricity market is “fundamentally flawed and failing”.
An attempt by the Electricity Authority to “correct misconceptions” about the electricity market has prompted a backlash from Flick Electric chief executive Steve O’Connor who said the authority needed to “see things as they are”.
A statement issued by the EA earlier this week said New Zealand’s electricity market was well-regarded internationally and was “doing the job it is designed to do, reflecting lower levels of supply – hour by hour and day by day”. ....

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Manufacturing companies question hike in power prices


Manufacturing companies question hike in power prices
Nicholas Pointon
© ASSOCIATED PRESS
Meridian Energy spokesperson said the current prices were the result of extremely low rainfall for months
Big manufacturing companies are questioning if they have a future in the face of high power prices.
Data from energy consultancy firm Energy Link shows wholesale power prices are nearly seven times higher than they were a year ago, at $314.44 per megawatt hour (MWh) and have reached as high as $500 (MWh) in the past fortnight.
The soaring prices forced the temporary closure of the Norske Skog paper mill in Kawerau and has led New Zealand Steel to scale down its operations at its site in Glenbrook. ....

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