TrustPower generated less energy for fewer customers in the first quarter

Fri, 26 Jul 2013

By Tina Morrison July 26 (BusinessDesk) – TrustPower, the electricity generator and retailer controlled by Infratil, generated less energy for fewer customers as competition remained intense in the first quarter. TrustPower generated 579GWh in the three months ended June 30, 4 percent below the same period a year earlier and 5 percent below expected long-term average production, reflecting lower North Island hydro and wind production, the Tauranga-based company said in a statement. Above average hydro storage levels meant wholesale electricit...

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