Wholesale electricity prices down

Efforts to cut electricity use have been reflected in power prices, as cutbacks in demand, steady hydro conditions and modifications to transmission grid capacity all played a part in reducing wholesale spot electricity prices during the past week.

The M-co NZ power price index closed on Saturday at 11.9019c a kilowatt hour.

That was a decline of 8.68 per cent from the previous week's close.

Feature: Electricity

Energy Efficiency and Conservation Authority