Below-normal rainfall sees NZ hydro storage drop to 91%

(Image: NZME)

Fri, 14 Feb 2025

New Zealand Exchange-listed Meridian Energy says January was cold and dry for many parts of the country, with temperatures below average. It added that rainfall varied across both main islands, with below-normal rainfall across most of the South Island. This resulted in a decrease in national hydro storage and lower inflows. "National hydro storage dropped from 114% to 91% of the historical average," Meridian said in a statement to the NZ Exchange (NZX). South Island storage was at 88%, and North Island storage at...

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