Flat NZ electricity demand keeps pressure on power companies

Thu, 26 Jan 2017

By Paul McBeth Jan. 27 (BusinessDesk) - New Zealand's relatively flat demand for electricity continues to weigh on the listed generator-retailers, which reported lower retail sales in the final six months of 2016 in a moribund market. Wellington-based Contact Energy today joined Mercury New Zealand, Meridian Energy and Genesis Energy in lodging its latest operating metrics with the NZX, and continued the theme of weak electricity sales, with mass market and commercial and industrial electricity demand down 0.6 percent to 4,001 gigawatt h...

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