Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Contact Energy Limited (NZX: CEN) saw a significant increase in coal usage for electricity generation during the last winter, according to the latest Energy Quarterly data released by the Ministry of Business, Innovation and Employment (MBIE). Extreme weather conditions, including low hydro lake levels and a gas shortage, led to record-high wholesale electricity prices exceeding $800 per megawatt hour in August. This unprecedented situation forced a substantial shift towards coal-fired power generation to meet the country's energy demands.
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