Trustpower says dry, mild June-Qtr may trim earnings

Thu, 11 Jul 2019

By Gavin Evans July 12 (BusinessDesk) - Trustpower says lower than expected power prices and weaker generation may push its full-year earnings toward the bottom of its forecast range. The firm, which operates a string of hydro generators around the country, says June-quarter generation was 28 percent lower than in the same period a year earlier. Average generation prices of $110 a megawatt-hour, while up from a year ago, were also lower than ASX futures were indicating at the time the forecasts were made. While the balance of the “vola...

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