XM은(는) 미국 국적의 시민에게 서비스를 제공하지 않습니다.

New Zealand cranks fossil power output as hydro squeeze drags on: Maguire



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>RPT-COLUMN-New Zealand cranks fossil power output as hydro squeeze drags on: Maguire</title></head><body>

Repeats column with no changes to text

By Gavin Maguire

LITTLETON, Colorado, Aug 27 (Reuters) -Power generators in New Zealand have lifted output from fossil fuels to the highest in three years so far in 2024, as they struggle to offset the largest year-over-year drop in generation from hydro dams in roughly a decade.

Total fossil fuel-fired electricity generation from January through July was 4.36 terawatt hours (TWh), according to energy think tank Ember.

That total was 1.75 TWh or 67% higher than during the same months in 2023, and nearly matched the 1.86 TWh drop in generation from the country's hydro dams during the same period.

Hydro power is New Zealand's main source of electricity generation, and normally accounts for around 58% of the country's annual electricity supplies.

However, hydro's share of total generation dropped to just 48.6% in July - the lowest monthly reading in at least a decade - as sustained drought has curbed hydro production and forced power generators to lift output from other sources.


PRICE PAIN

Tight power supplies have also triggered a surge in wholesale power prices, which scaled all-time highs earlier this month and are up over 180% since the start of 2024.

New Zealand's power prices are also more than double those in neighbour Australia, and mean New Zealand's homes and businesses pay some of the highest energy bills in the region.

In an attempt to alleviate potential power shortages and reduce price pressure, New Zealand's government has reversed a ban on offshore oil and gas exploration and has pledged to fast-track approvals for liquefied natural gas (LNG) imports.

However, those measures may take years to materially impact gas supplies to power producers, so power suppliers will likely continue to face tight supplies of generation fuels for the remainder of 2024 at least.


RENEWABLE GROWTH

The quickest possible path to a sustained recovery in power generation levels would be if there was a change to the region's weather systems which triggered more rainfall.

An El Nino weather pattern over the Indian and Pacific oceans has caused drier than normal conditions across much of Australia and New Zealand so far this year, resulting in New Zealand's drought readings.

But there is a 60%-70% chance of a La Nina pattern forming during the latter months of the year, according to the New Zealand National Institute of Water and Atmospheric Research (NIWA), which could bring more rains across Oceania.

Any sustained rebound in rainfall would result in a commensurate rise in hydro generation, and higher overall electricity output.

Further growth to New Zealand's solar generation sector is another path to higher clean electricity output.

Installed solar capacity as of the end of July was 455 megawatts, according to the New Zealand electricity authority EMI.

That total is up from 295 MW in July 2023, and so marks a more than 50% increase in generation capacity within a year.

Installation data also indicates that roughly 40 MW of new capacity has been installed since the end of last summer, and so stands to make a notable impact on generation totals during the upcoming southern hemisphere summer when solar output peaks.

Roughly 44 MW of total installed solar capacity has battery storage, and so is capable of discharging that power into the national grid system even after the sun sets.

In combination, that higher solar capacity footprint alongside more regular rainfall could help New Zealand's power firms boost overall supplies from the current stunted generation levels.

But New Zealand's total electricity demand also looks set to climb towards the end of the year due to greater demand for cooling systems during the summer, and so may keep pressure on the country's power network even if overall supplies mount a rebound.

In that case, power producers will likely continue to deploy growing volumes of fossil fuels within the generation mix despite ongoing efforts to reduce overall power sector emissions.

<The opinions expressed here are those of the author, a columnist for Reuters.>


Lower output from hydro dams has spurred New Zealand power firms to lift generation from fossil fuels https://tmsnrt.rs/3XiHPt8

New Zealand vs Australia wholesale baseload power prices 2014 – Present https://tmsnrt.rs/3ZjAj2X

New Zealand hydro electricity generation falls to multi-years lows in 2024 https://tmsnrt.rs/3AGBJu1


Reporting by Gavin Maguire; Editing by Jacqueline Wong

</body></html>

면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.

온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.

이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.

리스크 경고: 고객님의 자본이 위험에 노출 될 수 있습니다. 레버리지 상품은 모든 분들에게 적합하지 않을수 있습니다. 당사의 리스크 공시를 참고하시기 바랍니다.