Dry Winter Pushes up Electricity Prices for Producers

Press Release – Statistics New Zealand

Higher electricity and farm-gate milk prices contributed to rises in producer output and input prices, Stats NZ said today. Read more »

Generating Connections Showcases NZ’s Energy Future

Press Release – SEANZ

The Generating Connections Conference and Technology Showcase which runs in Hamilton from 23rd-25th November will highlight the important role solar PV, battery storage, and related technologies have in helping build New Zealands electricity network … Read more »

NZ Ranked in Top 10 in Global Energy Comparison

Press Release – Business New Zealand

The BusinessNZ Energy Council (BEC) welcomes New Zealands continued robust energy sector performance in comparison to other countries. Read more »

Energy Research Strategy welcomed

Press Release – New Zealand Government

Energy Research Strategy welcomed Research, Science and Innovation Minister Dr Megan Woods has today welcomed the launch of an Energy Research Strategy for New Zealand developed by the National Energy Research Institute (NERI). The strategy was informed … Read more »

Global demand for natural gas a big opportunity for NZ

Press Release – PEPANZ

The International Energy Agencys new forecast that demand for natural gas will increase 45% by 2040 is a major opportunity for New Zealand, says the Petroleum Exploration and Production Association of New Zealand (PEPANZ). Read more »

KCE announces interim result

Press Release – King Country Energy

Taumarunui, New Zealand – King Country Energy (KCE) today announced its interim result for the six months ended 30 September 2017. Read more »

Hydroworks creditors face $12.6 mln shortfall

Article – BusinessDesk

Nov. 10 (BusinessDesk) – Unpaid creditors of Hydroworks face a $12.6 million shortfall with the liquidators of the failed hydroelectric turbine maker finding the firm had little in the way of its own intellectual property. Read more »

Electricity Networks Association on Electricity Review

Press Release – Electricity Networks Association

Media Release from the Electricity Networks Association Electricity Network Association (ENA) Chairman Ken Sutherland today responded to several recent public comments by electricity retailers, which he characterised as attempts to influence the … Read more »

Asset management of electricity distributors key focus

Press Release – Commerce Commission

The Commerce Commission has today published an open letter outlining how asset management is a key priority for the Commissions work in the electricity distribution sector over the coming year. Read more »

Vector plans to sell block of 4.2 mln shares on market

Press Release – BusinessDesk

Nov. 8 (BusinessDesk) – Vector is planning to sell 4.2 million of its own shares it currently holds as treasury stock beginning Nov. 9 as part of ongoing capital management. Read more »

Correct equipment should be available and used

Press Release – WorkSafe NZ

WorkSafe says that industries need to be supplying their workers with the correct equipment to do the job safely. The message comes after Broadspectrum (New Zealand) Limited was sentenced today in the Christchurch District Court. The sentencing follows … Read more »

Trustpower’s bundle strategy slowing margin decline

Article – BusinessDesk

Nov. 8 (BusinessDesk) – Trustpower’s bundled power and telecommunication package has successfully slowed a squeeze on profit margins, something facing the entire sector, says First NZ Capital. Read more »

Two Planned Power Outages Affecting Te Kaha Area

Press Release – Transpower

As owner and operator of the National Grid, Transpower needs to carry out two rounds of urgent, essential remedial works on a critical piece of electrical equipment at the Te Kaha Substation on Sunday 12 November and Sunday 19 November 2017. Read more »

Mercury takes crack at networks’ threat to ‘energy freedom’

Article – BusinessDesk

Nov. 7 (BusinessDesk) – Mercury NZ chief executive Fraser Whineray has lashed out at electricity network monopolies, owners of the wires that deliver power to consumers, saying they represent a threat to people’s “energy freedom”. Read more »

Mercury meets fleet EV target

Press Release – Mercury Energy

Mercury has announced that it has transitioned all possible vehicles in its fleet to electric, one year ahead of target. Mercurys corporate fleet now has over 70% fully electric or plug-in hybrid vehicles which represents 80 out of 114 vehicles. … Read more »

2017 Mercury Annual Shareholders’ Meeting

Speech – Mercury Energy

On behalf of your Directors, the Chief Executive, our leadership team and all of our people at Mercury a very warm welcome, and a special welcome to those shareholders who are following this meeting online from our webcast. Read more »

Unlocking electricity networks to support innovation

Press Release – Electricity Authority

Widespread benefits could arise if hurdles to parties accessing electricity networks are removed, according to a recent Electricity Authority consultation. Read more »

Trustpower Delivers Substantial Lift in Profit

Press Release – TrustPower

Net profit after tax of $82 million, up $37 million or 82% Operating earnings (EBITDAF) of $159 million, up 44% Retail earnings (EBITDAF) of $29 million, up 109% Generation earnings (NZ and Australia) of $134 million, up 21% Underlying … Read more »

Colonial Motor Co cautiously optimistic about 2018

Article – BusinessDesk

Nov. 3 (BusinessDesk) – Colonial Motor Co, which listed on the NZ stock exchange in 1962, is cautious about forecasting in the year ahead despite its strong returns in 2017 and continued demand for new vehicles. Read more »

New documentary series on start of NZ’s electricty industry

Press Release – HMC Communications

New documentary series examines the unique beginnings of New Zealands electricity industry A new documentary series will celebrate the unsung heroes involved in the early stages of New Zealands electricity industry. Read more »

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