(head buried in sand) "It's all transitory!!!!"
https://www.stuff.co.nz/business/126...risis-not-over
Fresh warning from Transpower - electricity crisis not over
Tom Pullar-Strecker
08:38, Aug 10 2021
An electricity crisis that resulted in blackouts on Monday evening does not appear to be over.
National grid operator Transpower issued a fresh emergency notice on Tuesday morning and wholesale electricity prices were spiking at an astonishing $110 a kilowatt-hour shortly after 8am – about 300 times the price consumers normally pay for power.
Wholesale prices dropped back to about 60c/kWh shortly before 9am – still indicative of a significant supply problem.
Transpower warned at 7.30am there was insufficient generation and reserve offers to meet demand and provide security for a “contingent event”.
Bookmarks