No mention in the monthly report of them looking to access swaption with genesis take this as a good sign. Looks like MEL are being a bit more cautious on the generation from than last year when hydro got very low. Let’s hope for a bit of rain in the southern hydro catchment in the next month or so ....
In the meantime, another nice divvy in bank a/c, thanks MEL
In the meantime, another nice divvy in bank a/c, thanks MEL
It would have been a lot nicer had the total 11.38 cents/share had been all fully imputed. Not complaining, just wishing it continue just a little bit juicer. A truly bottom drawer earner.
well plenty of rain falling in the right places for meridian - all lake levels up noting Pukaki is up the best part of 2.5m in the past 3 weeks. I expect the rain from the last few days will continue to spill into Pukaki the lake level should rise further from here ....
There’s a lot of noise in the media about lake and coal levels needing to be kept up to avoid an absolute crunch next year (i.e. having to turn the lights off completely) but I’m not aware of what the underlying supply/demand situation actually is. The share price of generators has been holding up (which has not been true across defensive interestingly.)
Time to nip round out and buy a generator or just a quiet week for local news?
The situation is not just coal but gas as well. This is very bad management by the generators . There is a price review going on. The Govt must take some action in the finish.
Originally Posted by boysy
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