Supply Riskmeter Update: No change

The Electricity Commission's latest assessment of the outlook for New Zealand's electricity supplies indicates risk of shortages over the next 3 months is very low.

The Commission today released the latest update to its Security of Supply Riskmeter, which continues to be set at 'normal'.

A summary of the Current Outlook is attached.

For further information, see http://supplyline.electricitycommission.govt.nz

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Current Outlook – 31 July 2009

Electricity is one of New Zealand’s key economic inputs. Supply has a high standard of reliability, but at times approaches shortage due to events such as extended dry periods, which in the absence of accessible information leads to concerns about security.

As part of its responsibilities for managing security of supply, the Electricity Commission conducts seasonal assessments and publishes the Current Outlook to assist industry in making informed risk-management decisions.

Excluding possibilities of sudden, short-duration local interruptions through incidents such as damage to power lines, as at 31 July 2009, the risk of electricity shortages during the August-November period is assessed as being very low.

In the unlikely event of a natural disaster or multiple equipment failure, in which the situation changes quickly, the Commission will update the assessment.

See... Full report (PDF)

ENDS

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