Better rainfall improves outlook for NZ gentailers, metrics show

Tue, 17 Apr 2018

By Rebecca Howard April 17 (BusinessDesk) - Favourable rainfall across New Zealand has improved the outlook for the electricity sector according to the latest operating metrics lodged with the NZX. "Hydro conditions have been pretty favorable, which has been an ongoing story for the North Island for a long time and the South Island has recovered, so that's probably the key thematic coming through, along with pretty stiff retail competition," said Forsyth Barr analyst Andrew Harvey-Green. Mercury New Zealand joined Contact Energy, Gene...

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