Well they just put up my bottled gas prices by 60%. That's got to be a win for shareholders 😂
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Well they just put up my bottled gas prices by 60%. That's got to be a win for shareholders 😂
Thanks to all for the valuable thoughts and input.
I don’t see regulatory change as a big risk under National. We are already facing the challenges of supply demands from labour/greens which is rapidly decreasing and with this comes public awareness relative to pricing.
Its not without risk, SP price is offsetting this a bit, I like their EV/PHEV plan with taking pricing plan to public chargers and I suspect why they are gradually increasing customer base over the year. Might sit back for a little bit longer and see if the declining SP shows some better signals.
Gas supply is confirmed as insufficient to supply contracted volumes. Huntly to import more coal. Other generators to consider funding coal stockpile. In a perverse way, this is all good news for GNE - higher gas prices, higher electricity prices, forces the issue of coal funding, potentially raises the issue of funding thermal generation stay in business costs
Yep we're running out of gas
https://www.1news.co.nz/2024/05/08/g...ng-gas-supply/
Labour got the blame for coal imports caused by dry weather, I wonder if national will get the blame for coal imports caused by poor gas supply. Probably easier than having a mature discussion on where to proceed now that Onslow has been ditched
https://www.nzherald.co.nz/business/...JDZPHOMFPYEXE/
I wonder if Aderns decision on exploration had any bearing on this ? I guess not for this near term shortage.
Do we have coal in NZ that we should be mining instead of importing ?
There is gas under the ground in NZ too.
But as NZO has stated. We can make more money drilling for gas in Australia then shipping it back to NZ.
The consumer pays at the end of the day.
If NZ coal production is subject to export contracts, then it would make sense to import for Huntly's stockpile. Also I think the type and grade of the coal can be important.
I am not sure how the cost of extraction from NZ mines for the volumes required compare with overseas sources of coal.