Heavy rain brings some hydro relief but cost pressures remain

Some rain fell for Meridian but not where it is most needed (Image: supplied)

Tue, 08 Feb 2022

Waitangi Day weekend's torrential drenchings have relieved some of the pressure on the electricity system, but analysts still believe the higher-than-average wholesale electricity prices experienced this year could persist over 2022.The rain which caused flooding in parts of the South Island had a mixed impact on New Zealand’s largest generator, Meridian Energy. A spokesperson said: “After a dry few weeks, it was good to have some rain come in from this event. The rain of last week fell mostly on the West Coast and north of Meri...

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