You have to wonder if the lower generation has been more than offset by higher spot prices over the last 6-8 weeks. This being said it looks as though significant rainfall is set to fall over meridians catchment areas for the next 2 or 3 days which should further boost lake levels over the next week or so.

http://www.metservice.com/maps-radar...forecast-3-day

The spot pricing also seems to have reverted to $100/MWh. As long as meridians catchment in the south island keeps rising I take it the heavy lifting re power generation will revert back to MEL from the thermal stations up north.

http://www.em6.co.nz/em6/faces/pages/login.jspx