Susan Edmunds in Stuff.co.nz writes about how the rain we’ve had this summer may be a blessing for power bills.
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 the 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.
Now is a very good time for consumers to look for electricity retailers offering sharp prices which will help consumers to save money on their power bill.”
Electric Kiwi managing director Julian Kardos said his firm had no plans to raise prices this year for loyal customers.
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