Heavy rain brings some hydro relief but cost pressures remain

Heavy rain brings some hydro relief but cost pressures remain
Some rain fell for Meridian but not where it is most needed (Image: supplied)
Ian Llewellyn
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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