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Stock Takes: NZ Power prices hit record, Latitude debuts, Just Life invests
20 Apr, 2021 10:08 PM
4 minutes to read
Stock photo of power lines. Thursday, February 04, 2021 Whanganui Chronicle photograph by Bevan Conley. WGP 19Mar21 -
Stock photo of power lines. Thursday, February 04, 2021 Whanganui Chronicle photograph by Bevan Conley. WGP 19Mar21 -
NZ Herald
Mercury said its hydro generation increased in response to record high spot power prices over the third quarter to March. The company said its hydro generation increased by 71 gigawatt hours (GWh) to 910GW in the quarter, against the same quarter last year.
This was achieved, despite Waikato catchment inflows being 168GWh below average, through drawing down storage in Lake Taupo which is now expected to be below average by the end of the full year 2021, it said.