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22 Nov 2024 7:45
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  •   Home > News > Business

    Sky high energy prices could have detrimental flow on effects - both regionally and nationally

    Sky high energy prices could have detrimental flow on effects - both regionally and nationally


    Wholesale power prices have doubled in the past three weeks.

    As a result, Hawkes Bay mill Pan Pac's had its pulp production operations on standby all week.

    Major Electricity Users' Group chair John Harbord says some businesses won't survive the costs.

    He says Pan Pac alone represents 30 percent of Napier Port's business - and other businesses depend on its chips for their own products.

    He says if those wood chips aren't available, its could mean they too are no longer viable..

    He says the effects will ripple right through the economy.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
    Cher was told she was trapped in "involuntary servitude" to Sonny Bono amid their divorce 7:39

    Business:
    The Tall Blacks have come up short in their first basketball international under new management 7:37

    Golf:
    Nick Voke's the best placed of the New Zealand contingent through the opening round of golf's Australian PGA Championship at Royal Queensland 7:37

    International:
    Donald Trump's choice for US attorney-general, Matt Gaetz, withdraws from consideration 7:27

    Law and Order:
    Devastation at a North Canterbury school, following the unexplained death of a teacher aide 7:27

    Living & Travel:
    South Island-based fans of the Warriors have been rewarded with news the NRL club is taking their Anzac Day game against the Knights to Christchurch next season 7:17

    Entertainment:
    Drew Barrymore once hid in the bushes outside Lucy Liu's house in order to avoid an ex-partner 7:09

    International:
    International Criminal Court issues arrest warrants for Benjamin Netanyahu, Yoav Gallant and Mohammed Deif 7:07

    Entertainment:
    Florence Pugh had her eggs frozen at 27 after she was diagnosed with polycystic ovary syndrome (PCOS) and endometriosis 6:39

    Environment:
    New discoveries of deep earthquakes in Southland 6:27


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