Meridian says rain means emergency powers and conservation campaigns may not be needed

Meridian says rain means emergency powers and conservation campaigns may not be needed
Lake Pukaki is getting a bit of a top-up. (Image: NZME)
Ian Llewellyn
Meridian Energy says the move to free up water in key hydro lakes might not be necessary due to recent rain and future forecasts.The New Zealand Exchange-listed (NZX) company also said that calls for a national power conservation campaign are premature.In a release, Meridian welcomed Transpower’s decision to remove potential barriers to generators’ access to contingent storage in certain hydro lakes.This includes one of the key lakes in Meridian’s hydro network, Lake Pūkaki, along with Tekapo and Hāwea.‘Reasonably confid...

More Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025