Heat pumps are also helping to offset gas and inefficient electric heater usage during winter, so potentially there are some energy savings being made there too.
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More information on Tesla moving into the battery area http://www.nzherald.co.nz/business/n...ectid=11412363
GNE to join the ASX All Ordinaries
Best Wishes
Paper Tiger
And If I can still read this late on a Friday night MRP out?
I see the xd date is 31/3 but the record date is 2/4. I assume that that selling on 31/3 would mean that you miss out on the dividend? Just curious. I calculate my net worth at the end of each month (and have done so for the last 6 years) and like the idea of GNE being fully pumped up by the end of the month. Silly I know but whatever floats my boat.
Not silly mate, its actually good management to keep a close eye on things :) Yes they will trade on 31 March as ex dividend. Anyone selling on 31 March will therefore still be entitled to the 8 cent dividend as they held the share on the last day they traded cum dividend (30 March). As the price on 31 March is likely to closely reflect the loss of 8 cent dividend entitlement, (i.e. drop by close to 8 cents all other factors being equal), for people who like to calculate their net worth at the end of the (month / quarter / year) you should have a section in your spreadsheet for shares like Gen that have shed their entitlement to dividend as at balance date but has yet to be paid. I call my section dividends due. Payment date is not till 16 April....I wish I could be so tardy with paying my power bills, sorry folks I couldn't resist :D
Thanks Roger, useful to know.
Looks like power demand is increasing but hydro storage is falling.
Attached is Meridian Energy Limited's monthly operating report for the month ending 28 February 2015.Highlights this month include:
- National storage decreased to 81% of average
- Meridian's February 2015 monthly inflows were 82% of average
- Meridian's Waitaki catchment storage increased from 83% to 84% of average by the end of February 2015
- Electricity demand in February 2015 was 1.0% higher than the same month last year
- Demand in the last 12 months is 1.6% higher than preceding 12 month