And they only cost $1.50 at launch.:t_up:
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And they only cost $1.50 at launch.:t_up:
So much has changed since then.
Tiwai Point looks secure.
Wholesale prices have increased
Supply arrangements with 2 other gentailers should enable them to get better prices.
The potential to increase profits has significantly increased.
Just need a bit more rain!
Should get some decent dumps of rain in parts of the southern hydro catchment over the next few days
http://www.metservice.com/maps-radar...forecast-3-day
Unfortunately it is mainly west of the divide which doesn't help the hydro catchments at all. Some thunderstorms inland, but all they do is redistribute water that is already in the catchments. Flow models are only showing a small incease in inflows and no increase in storage
While most of the forecast rain will fall west of the South Island main divide there is more than enough rain overtopping the divide to provide hydraulic energy to spin the turbines.
Spot report. Marilyn was swimming in a surge pool below one of Meridian’s dams yesterday when her jandals floated away after being left at the waters edge. So production is surging.
Boop boop de do
Marilyn
Last 7 days a fair bit of rainfall falling over lake Te Anau & Manapouri
http://www.metservice.com/maps-radar...ainfall-7-days
Starting to be reflected in a tick up on both lake levels
https://www.meridianenergy.co.nz/abo...ns/lake-levels
The next system appears to be headed up the eastern side of the south island on Wednesday and should hit all areas of the southern hydro catchment
The snow pack is at record lows, 800Gwh below average. The snow has already flowed into the catchments which has kept the lake levels high. Plus the irrigators are using water flat out. There are more outages coming from the thermal guys and others. Thermal generation is going flat tack. Wholesale price ... well guess
Dassets is correct. Check out the snow storage levels. Dire...
https://www.meridianenergy.co.nz/abo...s/snow-storage
Very little rain fell in any of the hydro catchments over the week. What did fall gave a small increase in inflows, but not enough to relieve the current drought. The main reason for the increase in Manapouri storage was the reduction in generation to around 330 MW. Now that Lake Te Anau is above its minimum level Manapouri has increased its generation to 440 MW.