Meridian ‘very confident’ NZ will avoid conservation campaign

Commentators and power generators don’t expect a Transpower decision to allow key hydro lakes to be drained further will lead to more electricity generation but they say it will take some uncertainty and tension out of the market.
The move by the statutory operator of New Zealand’s power system is the latest in a series of announcements from all corners of the electricity market, which is struggling to cope with low wind, dwindling hydropower lakes and fading gas supply.