Small lift in lake levels brings tiny relief for power sector

Tag : Cold Power

As consumers are urged to save power to ensure supplies remainsecure this winter, above average inflows for much of the past weekgave hydro storage a small boost.
In its weekly market summary, published on Monday, M-co said lakelevels were up to 58 percent of average by on Tuesday, having beenat 55 percent a week earlier and down to 49 percent 2-1/2 weeksbefore.
Inflow rates got as high as 123 percent of average on Saturday, anddropped below 100 percent only once during the past week.
Spot market prices remained high but below levels reached in thelate May spike, when the price got up to 44.06c.
At the North Island reference point of Haywards, the price peakduring the past week was 31.37c per kilowatt hour on Wednesday,well up on the 9.21c a year earlier.
Source: AAP NewsWire