MEL - Meridian Energy

[blackcap]

That is what is wrong with the market . It is a rort that diesel is running when there is plenty of water . Clearly the generators should be separated from Retail.

The thing is though, is there plenty of water? I note the last 2 weeks about 400GW of storage has been lost and we are at about 2,926. If that goes on for 3 or so more weeks we are going to be getting into the 2,326 range with SI at about 1,500. Then things get interesting. So I can see why they are doing some conserving of water. Especially with these cold conditions.

[boysy]

Well why should companies like MEL produce flat out and potentially drain their storage so the likes of the thermal generators can make a killing if it doesn't rain. MEL seems to be playing the hand they have been dealt, power demand seems to be rising lets hope it will spur on some additional capacity in the near term ...

[horus1]

I agree prices are heading up and with extra at Tiwai that will continue. That is why putting in 10Kw battery , 15 Kwh of solar in chch with 3 phase inverter . Certain it will pay for itself.

[fish]

I agree prices are heading up and with extra at Tiwai that will continue. That is why putting in 10Kw battery , 15 Kwh of solar in chch with 3 phase inverter . Certain it will pay for itself.

Has Tiwai started the extra pot?
I think I will have to follow-not sure about the battery but solar makes good sense to me-will be installed coastal Northland so lots of sun.
Just need the Jag i-pace to go with it and heated pool to use surplus power

[Jantar]

That is what is wrong with the market . It is a rort that diesel is running when there is plenty of water . Clearly the generators should be separated from Retail.

Yes there is plenty of water, but it is being released at the maximum rate. Hawea was at its maximum permitted 200 cumecs until Friday, and is now getting close to minimum levels. Tekapo is well above average for this time of year, but is also discharging at its maximum rate. Pukaki is also releasing at close to its maximum rate, will a small amount left for spinning reserve. In the North Island Karapiro is generating 96 MW which means Taupo is also at maximum flow.

Despite having plenty of water in storage in Tekapo, unless you know of some way of moving that water to the Clutha and Manapouri catchments then it is as good as locked away.

[Bobdn]

Yes there is plenty of water, but it is being released at the maximum rate. Hawea was at its maximum permitted 200 cumecs until Friday, and is now getting close to minimum levels. Tekapo is well above average for this time of year, but is also discharging at its maximum rate. Pukaki is also releasing at close to its maximum rate, will a small amount left for spinning reserve. In the North Island Karapiro is generating 96 MW which means Taupo is also at maximum flow.

Despite having plenty of water in storage in Tekapo, unless you know of some way of moving that water to the Clutha and Manapouri catchments then it is as good as locked away.

Thanks for the explanation Jantar. Interesting stuff. So glad that Genesis fixed that turbine at Tekapo before winter hit - I see the Tekapo Power Scheme been producing something like 179 MW on average some days out of a possible 187 MW, incredible.

[boysy]

Good dollop of rain has fallen and is expected to continue to fall on the southern hydro catchments would imagine this bodes well for MEL FY2019.

http://www.metservice.com/maps-radar...nfall-24-hours

[boysy]

Will be interesting too see the annual results due in 3 weeks from the June monthly update it’s clear MEL ran hard in the 2H2018. I suspect generation has got off to a good start with the hydro lakes remaining above average and with pot line 4 schueduled to be up and running later this year demand should grow throughout the year. Would be good to see another bump in divi also ....

[Beagle]

http://nzx-prod-s7fsd7f98s.s3-websit...523/284985.pdf

Looks pretty good. I hold a few for yield.

[blackcap]

What is it with this new reporting practice. I had to scroll down to page 63 before any meaningful information was presented to me.

This new way of doing things is utter CRAP. (applies not only to MEL but pretty much any company these days)