Latest from Energy

Scott Technology buys majority stake in magnet maker, flags rights issue
Scott Technology has bought a controlling stake in a local electromagnet maker and said it is looking at a rights issue to help fund the deal.

Solid Energy says it wants to buy Pike River
State owned Solid Energy has confirmed it wants to buy the Pike River mine, but getting it back into production would be a big job.

Mighty River lifts earnings outlook on strong first half
Mighty River Power is lifting its pre-tax earnings forecast by up to 7.5 per cent as it sees the benefits of $1 billion invested in new geothermal power stations.

Vector first half profit down 2.8 pc
Network company Vector's half year net profit has dropped 2.8 per cent to $98.5 million.

Oil, gold prices soar on Libya turmoil
Investors flocked to oil and gold on world markets overnight amid escalating tensions in the Middle East, with violence in Libya gathering steam.

Contact Energy strikes multi-million dollar geothermal deal
Contact Energy is to spend $623 million building a new 159 megawatt geothermal power plant.

Petrol prices highest since 2008
Petrol prices are on the rise again, hitting their highest level for more than two years. A litre of 91 octane petrol rose 3c to $2.02 and 95 octane rose to $2.11.

Vector catches Telecom - now in running for Akl broadband
Vector, shut out late last year from the Government's ultra fast broadband plan, has now been selected for priority talks to roll out fibre in Auckland.