Energy

Some doing rain dances as hydro lakes shrink

Ian Llewellyn
Tue, 19 Apr 2022

Some doing rain dances as hydro lakes shrink
Meridian's Manapōuri generation has dropped to record low levels. (Image: Supplied)
Ian Llewellyn
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Primary Sector
A2 Milk gets shot down because of issues in application
Rebecca Howard | Wed, 10 Aug 2022

The FDA continues to work around the clock to address current supply challenges, including reviewing a number of requests from manufacturers for enforcement discretion, as quickly as possible, a spokesperson said. 

Law & Regulation FREE
Cigna admits to wrongly lifting customers' cover and premiums
Ella Somers | Wed, 10 Aug 2022

Cigna Life Insurance has admitted to misleading more than 52,000 customers.

Listed Companies
ASX company assures it was aware of risks in buying TTR
Greg Hurrell | Wed, 10 Aug 2022

Three days after Australian mining company Manuka Resources Limited announced it was acquiring Trans-Tasman Resources Limited, a private members bill that could scupper its seabed mining hopes was drawn from the ballot.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).