Do you care to elaborate on that point?
Currently no there is no power crisis. Is there a possibility of one? Yes, most definately. If you just take a quick glance at the below graph you will see where we stand currently. If the current dry conditions continue over winter and through to early sept there is a very real possibility of rolling blackouts. At the moment it is hard to say what the likelihood of this is but it certainly is a real possibility.
Saying that power companies like high prices is a pretty nieve statement tio make. By doing so indicates what little knowledge of the industry you really have. The main cause for the current percieved hydro shortage is the lack of new infrastructure investment over the last 10 or so years since the industry was privatised. A big problem at the moment is the HVDC link having a big chunk of it not allowed to be used. The main reason for it being taken out of service is that Transpower couldn't get any company to insure them for using it. It was put in yonks ago and is miles past its used by date. I believe its one of only 2 still in service in the world using mercury arc valves (the other in british columbia i think???). The other thing is that they cannot source spare parts for it any more. I think I read something saying replacing it was approx $700 million and would take 5 years or something. Just one of the many inadequacies of the current NZ transmission and generation infrastructure.
I'm quite happy though, I've got my gas fire and petrol generator in the garage so don't mind which way it goes.
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