Its going in . Increasing mine from 5 to 10 KW and going up to 15 in time . Batteries come later. Doing it ourselves wouldnt touch anybody in the generation side of the industry.
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Its going in . Increasing mine from 5 to 10 KW and going up to 15 in time . Batteries come later. Doing it ourselves wouldnt touch anybody in the generation side of the industry.
There is an xtra member Keith Tempest. That makes 9. Reformed the industry before and that was with 3
Tempest is a 'special advisor' to the panel - he's not on it. I think you're unduly dismissing the abilities of the other panel members. You may want to read the scope for this review also. Alternatively, this summary from Dean (the chair) should negate some of your fears:
The terms of reference are broad and require the review to look at all aspects of theelectricity sector, including technological changes, environmental factors, and whether thesector’s pricing mechanisms are as efficient as they could be. Unlike previous reviews, anadditional key consideration is whether consumers are paying fair prices, and whetherelectricity costs are spread equitably across all consumers. These new aspects of the reviewoffer a valuable opportunity for consumers to express their views about electricity pricesand pricing mechanisms. Significantly, the review will have a strong focus on how the sectorcan be improved for the future, rather than merely looking at what has not been working aswell as it should.
Sp slowly got into the 3s now....tempting to take profit after holding since IPO.
MEL should be in a position due to hydro flows to run generation hard into the start of winter think they can make up a lot of the 1H lost generation ground.
Yes it's tempting. I'm still holding for superior dividend as still in the middle of the capital management program. From the last annual report:
Meridian has also declared a final special dividend of 2.44 cents
per share ($62.5 million) under the company’s five-year capital
management programme to return $625 million to shareholders.
This brings the capital management special dividend declared
in FY17 to 4.88 cents per share, with $312.5 million now distributed
since the capital management programme commenced in August
2015. To date this has all been paid as unimputed special dividends;
however, a buyback remains a consideration.
As always - thanks to John key for this investment.
Might hold on to my Gentailer shares for longer than I anticipated. Doesn't look like solar/batteries will be able to keep up with demand (mainly from EVs).
A major report into New Zealand's energy future finds demand for electricity will double and forecasts electric vehicles will make up 85 per cent of light vehicles by 2050.
https://www.nzherald.co.nz/business/...ectid=12056215
You wonder how much MEL are making on the spot market NI prices currently over $5,000 $/mwh they should be able to run generation hard into the end of the financial year with hydro near full and 600 gwh above average hydro storage for this time of year ....
Wow, did I see this close at 3.15 for the day. Must be an all time high I think.
Wonder what and who keeps pushing it up.
Anyone taking some up for their bond portfolio?. My first thought was buy more shares but our estate has enough already
Quotation Notice: Meridian Energy Limited ("MEL050") Bonds
More details here. BBB+. min rate 4.2%
Meridian Energy launches fixed rate retail bond offer
quite a vanilla 7 year bond which is good to see with all those hybrids out there.
4.2-4% about the same as a 5 year TD, but at least there's liquidity.
not that attractive from a interest rate or duration risk reward perspective but it should function like a traditional bond in that the entity is obviously pretty solid
Thanks peat, plain vanilla is great, may take a few (for the estate not me) and top up MEL too cheers JT.