Northland power cut estimated to cost up to $60m – NZ Herald 21 June 2024

Summarised by Centrist

The recent power cut in Northland is projected to cost the region $60 million by the end of Saturday, according to Infometrics, with the Northland Chamber of Commerce estimating losses at $80 million. The outage, caused by a fallen power pylon, affected nearly 100,000 properties, with most supply restored by Thursday evening but ongoing disruptions expected. Infometrics’ CEO Brad Olsen pointed out the economic impact and the region’s vulnerability to such disruptions stressing the importance of resilience for business continuity.

Read more over at The NZ Herald