GNE, MEL, CEN: 3 energy stocks in focus amid power cut warnings

Highlights CPI inflation increased 1.8% in the March quarter compared to previous quarter, majorly driven by a 32% rise in petrol prices YOY. Channel Infrastructure provided its quarterly conversion project update for the March quarter of FY22...

Highlights NZ has a target of lowering its methane emissions between 24% and 47% and achieving zero-carbon emissions by 2050. CEN’s customer business recorded mass market electricity and gas sales of 298 GWh in March 2022. Mercury’...

Highlights In response to the ongoing energy crisis arising from geopolitical tensions, New Zealand announces the release of more oil stocks Z Energy gives an update about the rescheduling of final court orders for acquiring 100% of its shares ...

The Electricity Authority of NZ has come to a decision that households and businesses must pay for the services they get as per the expected benefit from that service. The changes may cause a rise or a dip in charges paid by customers served by dif...

Highlights Oil prices are moving up again as China’s demand rises Brent crude was at US$108 per barrel this morning OPEC countries are unwilling to increase the oil output The oil market witnessed another shock when the Brent crude ...

The New Zealand Parliament passed a law on Wednesday to cut road user charges by at least $27 for every 1,000 Km travelled from 21 April. Last month, the NZ government had announced 3 initiatives to subsidise fuel amid soaring petrol and diesel pr...

Highlights NZ will release more of its emergency oil stocks due to energy security concerns. NZ has contributed 369K barrels of oil in March as part of the IEA’s pledge to release 60 million barrels. Global oil markets are facing extreme...

Highlights Kiwi households may witness an increase in power prices of up to $1K a year. Households that use both electricity and gas will face the most pressure. Revised power prices will be available for the consumers from 4 April. As pe...

Highlights PM Jacinda Ardern confirmed on Monday that the Government was planning to go ahead with the biofuel mandate. The Government is bringing the biofuel mandate to bring longer-term stability and fuel security while also reducing GHG emis...

Highlights Kiwi households are advised by power companies about a jump in fixed daily charges in their power bills from next month onwards. Mercury NZ sets the foreign exchange rate for payment of its interim dividend. Genesis Energy appoints ...