And between 18 and 32 c/kwh today. Just be glad this is the wholesale price and not truely reflected in the retail price.
The reason is really quite simple. Since the end of winter the whole world has been plunged into a La-Nina weather pattern. Its the steepest drop in the SOI since 1955, and completely counters the expectations from Global warming. The effect on our hydrology is for a drier than normal period, and at present inflows are around half of normal. Meridian is holding back water in its storage lakes, Mighty River doesn't have much water to realease anyway and Contact is releasing around a third of the rated Hawea maximum in readiness for next winter.
Otahuhu combined cycle station, 2 Huntly units and 3 Manapouri generators are all out for maintenence and this reduction is being made up from more expensive generation.
Time to ride
why hasn't the kaipara harbour been tapped?
why don't they put solar panels under the wind turbines,(the infrastructure to send it out is already there).
forsale A100,awesome power.
near ready for bucket raceing,or just a padock,beach hack.
gotta be a good deal,surely
It is all smoke and mirrors, cost to generate hydro per kw old money, 0.5 to 1.5 cent per kwh.
Cost to generate kw from coal /gas new money, 25 cents per kwh.
Hence any new investment in generation needs to equal new money in investment and new money in cost, hence 25 cents in cost per kwh to play.
Are the wholesale prices not actually the spot prices?
I started an NPV on a project I had in mind....converting our Mill and workshops to a waste oil fired heating system....Why?...because we generate 2.5 million liters of waste oil annually so it is free.....Then I call up the bean counters to get the cost of electricity....thinking I am about to save the company $zillions.
3.94 US cents per kWh!
Maybe we keep giving the waste oil to the villages....
They were to be sold to Meridian, but Meridian didn't want them, preffering to stay entirely with renewable energy. Contact owns the land that they are on, and holds the resource consent. The crown has decided to offer them for sale by tender, but should they sell then they must be available for both the next two winters either from the present site, or from another site. They may leave the country, but it is highly unlikely that any buyer would relocate them for one year then move them overseas after that.
The most likely buyers are Contact (we already own the site and hold the resource consents), Genisis to relocate to Huntly where they already have resource consents and can change them to gas fired, or Mighty River to relocate them to Southdown where they already have resource consents and can change them to gas fired.
Last edited by Jantar; 18th December 2010 at 09:35.
Time to ride
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