The Phillipine Typhoon, winds of 200 mph, demonstrates that our power lines are a bit of a problem in a blow. Hence it is better to have short lines to the major customers. My experience was of Typhoons in HK. For six years. They could be severe.
No typhoons in South Island,and Meridian are nice and close to supply huge irrigator's power demand.
No typhoons in South Island,and Meridian are nice and close to supply huge irrigator's power demand.
But the huge irrigator's power demand cannot equal 30% of the NZ electricity consumption. Which Meridian produces.
I do agree we should disconnect from the North Island asap.
Which would unfortunately destroy the share price of Meridian.
With the huge growth in the number of irrigators they are doing their best.!!
As will a rebuilt Christchurch.
A very positive out look for Meridian,being at the right place at the right time.
With the huge growth in the number of irrigators they are doing their best.!!
As will a rebuilt Christchurch.
A very positive out look for Meridian,being at the right place at the right time.
For info., Percy has no MRP shares at present. But it was astute buying by Percy to only get Meridian on the IPO.
You should also consider Powershop. By purchasing smart (e.g. their monthly specials available first week of every month) I average out at about 23c/kWh. Why pay more?
To foretell the future, one must first unlock the secrets of the past.
I've been surprised to see MRP sink back down to the 2.16/2.17 range. Seems this afternoon buyers were pilling in trying to get some at 2.165. Got a small parcel at that price. Hopefully over time the buy back will push the price to 2.25+ for some gains.
Last edited by PartyPooper; 13-11-2013 at 07:41 PM.
Originally Posted by mouse
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