Meridian Energy Limited is a New Zealand state-owned electricity generator and retailer.The company generates the largest proportion of New Zealand's electricity, generating 32 percent of the country's electricity in the year ending 31 December 2009, [2] and is the fourth-equal largest retailer, with 12 percent of market share in terms of customer as of December 2009. In the late parts of 2020, a level of nervousness began to emerge amongst key players in New Zealand's electricity industry as to the security of energy supply. Sure enough, in early 2021 hydro lake levels continued to trend downwards, toward the official risk lines published by Transpower in their capacity as the system operator. 1:43 pm on 25 August 2021. Meridian Energy's underlying profit has fallen sharply as low lake levels hit generation, and earnings from Tiwai Point aluminium smelter - its biggest customer - fell. Meridan Energy Wellington. Photo: RNZ / Alexander Robertson. The company reported $428 million full year net profit after tax, which reflected the.

Transpower (2018) envisages significant amounts of solar, as part of the mix, which leads to oversupply in summer and undersupply in winter, as electricity demand peaks in winter in New Zealand. Winter is also the time that the hydro lakes are lowest, as precipitation falls as snow in much of the catchment areas and does not contribute to inflows. The Electricity Authority is forecasting more volatile, and generally higher electricity prices in 2021, largely driven by a tight gas supply and low hydroelectric lake levels. 28 The variability of water inflows continues to be a key risk for New Zealand's electricity market, given that hydro generation contributes 55–60 per cent of the electricity supply. 29 This risk is likely. Transpower on the proposal to replace the Churton Park section of conductor on the Oteranga Bay to Haywards A line and Transpower’s response to that feedback. 1.2 Document Structure.
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