New geothermal plant fills gaps for MRP Waikato hydro shortage

Tue, 22 Oct 2013

Oct. 23 (BusinessDesk) – The lowest inflows to the Waikato River since MightyRiverPower’s establishment in 1999 didn’t stop the company achieving higher weighted average prices for its wholesale electricity generation than its competitors in the three months to Sept. 30. That was despite a continuing decline in total electricity sales, which were down 5 percent on the same period a year earlier, “largely reflecting lower national demand and a drop-off in commercial volumes (down 8 percent),” the company says in its quarterly operational updat...

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