Introduction
The Ministry of Economic Development commissioned East Harbour Management Services Ltd to produce two reports with information on the costs of generating electricity: Availabilities and Costs of Renewable Sources of Energy for Generating Electricity and Heat (September 2002), and Costs of Fossil Fuel Generating Plant (May 2002).
Information from these reports has been drawn on in the Ministry's Energy Outlook (October 2003).
However, the information in the 2002 reports has not been used directly in the Outlook. A number of adjustments have been made to provide for a series of factors including, for example, the application of a different exchange rate. This technical note explains the adjustments made between the 2002 reports and the Outlook.
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