9 Apr 2013

Electricity market considered in good shape

7:07 am on 9 April 2013

A lobby group for major power users says the electricity market is in god shape despite the severe drought that has affected large parts of the country since the beginning of the year.

Transpower expects the risk of shortage due to hydro storage to remain low over the next eight to 10 weeks.

Hydro storage decreased to 60% of total storage, and continues to be lower than the mean for this time of year, with other generation such as geothermal making up the shortfall.

Major Electricity Users Group executive director Ralph Matthes said he does not expecting shortages.

He also welcomed plans by Transpower to offer cash payments to companies as an incentive to save electricity and reduce consumption at peak times, such as cold winter days.