Meridian receipts sink close to listing price

Mon, 18 Nov 2013

Nov. 18 (BusinessDesk) – Strong inflows of water to its South Island hydro storage lakes and windy weather saw Meridian Energy generate 13 percent more electricity in the three months to Sept. 30 than in the same period last year, but at wholesale prices 22 percent lower than the same time last year. The average price per Megawatt hour in the latest quarter was $48.58, compared with $62.41 per MWh in the same period last year. Total generation for the period was 3,177 Gigawatt hours, compared with 2,815 in the comparable prior period, with w...

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