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wholesale electricity prices

Contact Energy Says Retail Electricity Prices Need To Rise

Contact Energy Says Retail Electricity Prices Need To Rise
Wellington, Feb 23 NZPA - Contact Energy says electricity retail prices need to rise, after reporting flat underlying earnings for the six months to the end of December.

Mighty River Power Underlying Profit Down

Mighty River Power Underlying Profit Down
Wellington, Feb 22 NZPA - State-owned Mighty River Power said its diversified generation strategy helped it post a solid half-year result.

Electricity Network Projects To Reduce Uncertainty

Electricity Network Projects To Reduce Uncertainty
Wellington, Feb 8 NZPA - Fitch Ratings expects proposed investments by Transpower to lead to a deterioration in the national grid operator's credit profile, unless the Government is willing to inject more equity.

Electricity Shake-Up Model's Last Chance - Consumer

Electricity Shake-Up Model's Last Chance - Consumer
Wellington, Dec 10 NZPA - Energy Minister Gerry Brownlee's proposed re-jig of the electricity sector could be the last chance the competitive-pricing model has for the industry in New Zealand, Consumer New Zealand chief executive Sue Chetwin says.

Brownlee's Tekapo Giveaway `May Lead To Higher Prices'

Brownlee's Tekapo Giveaway `May Lead To Higher Prices'
Wellington, Dec 10 NZPA - Energy Minister Gerry Brownlee's proposed re-jig of the electricity sector may actually raise electricity prices and reduce the security of power supply, says a retailer in the sector.

NZ Sharemarket Ends Lower, Contact Down On Profit Guidance

NZ Sharemarket Ends Lower, Contact Down On Profit Guidance
Wellington, June 8 NZPA - The New Zealand sharemarket slipped in trading reduced by a holiday in Australia. The benchmark NZSX-50 index closed down 17.892 points, or 0.631 percent, at 2816.616, reversing nearly all of the 18.8 point rise on Friday.

Fitch Notes Lower Electricty Prices In New Zealand

Fitch Notes Lower Electricty Prices In New Zealand
Wellington, April 30 NZPA - Wholesale electricity prices in New Zealand have fallen significantly and should remain low for the rest of the year, said Fitch Ratings, a credit rating company.

Power Co Profits Protected By Passing On Costs To Customers

Wellington, May 16 NZPA - Low hydro lake levels and high wholesale electricity prices shouldn't hurt power companies' profits because they are passing costs on to customers, credit rating agency Standard & Poor's says.