Rain brings slight relief for electricity sector with hope more is on its way

Weather forecasts are offering some hope for a rise in hydro lake levels. (Image: Unsplash)

Thu, 22 Aug 2024

Recent rain increased national hydro storage by 1% last week and the electricity sector will be hoping for more wet weather soon.The downpours meant New Zealand hydro storage climbed to 55% of the historic mean last week.North Island hydro storage decreased from 28% to 27% of the historic mean for this time of year, and South Island storage increased from 58% to 59%, according to system operator Transpower.This might not sound much but the slight increase in Lake Pūkaki was the first since April. There were also inflows into Manapōuri and...

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