MEL - Meridian Energy

[RTM]

I can't understand why they didn't link the price Rio paid for electricity to the price of Aluminium on the spot market.
They complained about the low prices and it not being viable for them to operate . MEL look like they wrote a one way deal , very poor for shareholders.

Hold some RIO shares as well ! I am enjoying then…apart from Mr Pip.

[RGR367]

Don't you just love it when one of your biggest holdings paid you a dividend today This payment made each share of mine basically at 18 cents as far as my ledger is concerned. Another year with a higher pay out will make this another negative-book-value holding

[limmy]

MEL has been a great investment, best amongst my energy sector.

[bull....]

lake levels getting low

https://www.nzx.com/announcements/390582

[kiora]

lake levels getting low

https://www.nzx.com/announcements/390582

"National electricity demand in March 2022 was 1.3% lower than the same month last year"
All as a result of agriculture lower?
"Agricultural volumes were -18.2% lower than March 2021"

[Sideshow Bob]

"National electricity demand in March 2022 was 1.3% lower than the same month last year"
All as a result of agriculture lower?
"Agricultural volumes were -18.2% lower than March 2021"

Irrigation from the sky was on over the last few months, in many of the farming areas that traditionally rely on irrigation. Except in the areas of the main hydro lakes.....

[Louloubell]

Up nearly 7% today. The big boys reshuffling or something brewing, like Tiwai and MEL talking?

[mfd]

Look who's come crawling back. Hopefully MEL have a stronger negotiating position this time with the proposed hydrogen plant lining up as an alternative.

https://i.stuff.co.nz/national/12940...en-beyond-2024

[Sideshow Bob]

Up nearly 7% today. The big boys reshuffling or something brewing, like Tiwai and MEL talking?

Meridian notes NZAS statement on Tiwai Point smelter - NZX, New Zealand’s Exchange

Meridian Energy notes the statement from New Zealand’s Aluminium Smelter (NZAS1), that the owners of the Tiwai Point smelter have begun exploring potential pathways with electricity generators for the smelter’s future, beyond the end of the current contract in December 2024.
Meridian will engage with NZAS as part of its process and expects this will include contract negotiations.
A copy of NZAS’s statement can be found here:
http://www.nzas.co.nz/files/3841_202...1658951845.pdf

[bull....]

Meridian notes NZAS statement on Tiwai Point smelter - NZX, New Zealand’s Exchange

Meridian Energy notes the statement from New Zealand’s Aluminium Smelter (NZAS1), that the owners of the Tiwai Point smelter have begun exploring potential pathways with electricity generators for the smelter’s future, beyond the end of the current contract in December 2024.
Meridian will engage with NZAS as part of its process and expects this will include contract negotiations.
A copy of NZAS’s statement can be found here:
www.nzas.co.nz/files/3841_2022072875725-1658951845.pdf

so they want to stay if the pricing is right