Some doing rain dances as hydro lakes shrink

Meridian's Manapōuri generation has dropped to record low levels. (Image: Supplied)

Tue, 19 Apr 2022

The electricity sector is getting increasingly worried about dropping hydro levels and what it will mean if a dry autumn turns into a dry winter around the southern lakes.The conditions are also helping keep already high wholesale electricity prices higher, with long-term future prices suggesting there is unlikely to be any relief until 2025.Meridian Energy’s latest operating report for the month to April 12 shows new records for low inflows.Meridian’s March 2022 monthly total inflows were 38% of the historical average, the lowest M...

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