Meridian Energy Ltd is "delighted" to be getting water for a new $900 million power scheme it wants to build on the lower Waitaki River, but other parties are "gobsmacked".
Wind power will play a significant part, possibly up to 1300MW, in the country's future energy needs, but the coal-fired Huntly power plant will still be in limited service by 2025, the Environment Court heard yesterday.
A power saving campaign is ready to be launched on television this weekend, but Energy Minister David Parker says there isn't a crisis and the lights won't go out this winter.
Electricity generator Mighty River Power has been urged to spill water from its dam at Lake Karapiro to help the upper Waikato River hydro system store for rain from a big storm expected to hit on Friday.
"Angry and annoyed" Contact Energy customers are brushing off the power company's attempts to retain them and continuing to sign up with rival companies.
Contact Energy yesterday produced an interim result ahead of some forecasts but still disappointed the market with its failure to provide some profit guidance for the full year.
Despite freezing power prices for customers in Christchurch and Wellington, Contact Energy has no immediate plans to offer the same deal in Otago.
After the collapse of the Government's agreement to work with the Greens on energy efficiency policy, Energy Minister Gerry Brownlee says he is pleased with the roll-out of energy efficiency initiatives.
A battle is set to begin between Solid Energy and a private developer over the building of a new hydropower scheme using water from Stockton opencast mine, north of Westport.
State-owned generator Meridian Energy Ltd will pay an interim dividend to the Government of $89.58 million.
Southern coal-seam gas (CSG) explorer L&M Energy is working with an Invercargill trucking and service station company on possibly using liquefied natural gas (LNG) from its prospects near Ohai as transport fuel.
New Zealand is unlikely to meet the Government target of 90% of electricity generated from renewable sources by 2025, the Institute of Professional Engineers (Ipenz) and University of Otago energy studies programme director Bob Lloyd say.
Solid Energy, which, contentiously, is looking at options to utilise vast reserves of lignite in Southland and Otago, has welcomed the Government announcement up to 49% of some state owned enterprises could be sold.