Wild weather has lingering impact on major power companies

Wild weather has lingering impact on major power companies
Wild weather disrupted electricity supplies, but also raised hydro capacity. (Image: Transpower)
Ian Llewellyn
The lingering effects of summer’s wild weather and its impact on hydro storage and generation construction were a feature of the latest operating reports from some of the major electricity generators.Quarterly reports emphasised the heavy rain in the north of the North Island and the reports for March indicated a return to more normal weather patterns.Meridian Energy highlighted that the 2022-23 summer was the third-warmest summer on record and was exceptionally wet for the North Island. In the South Island, rainfall was above average for...

More Energy

Jarden sees Mercury, Genesis upside
Markets

Jarden sees Mercury, Genesis upside

Energy margin data points to earnings upgrades for both gen-tailers.

Pattrick Smellie 21 Jan 2025
The billionaire who bet on coal's future – and won big
Energy

The billionaire who bet on coal's future – and won big

Low Tuck Kwong has built a fortune from the world’s dirtiest fossil fuel.

Powerco appoints Jason Franklin as new chief executive
News in Brief

Powerco appoints Jason Franklin as new chief executive

Franklin has been CEO of lines company PowerNet since 2012.

Staff reporters 07 Jan 2025
Rain, reviews and Sapere shockwaves
Energy

Rain, reviews and Sapere shockwaves

Shaking up the electricity sector or shaking off criticism: the year ahead. 

Ian Llewellyn 07 Jan 2025