Dec 11, 2013 - New Zealand state-run utility Meridian Energy Ltd said its total power output in October 2013 had climbed to 1,085 GWh from 1,050 GWh a year earlier.
The power producer generated 1,009 GWh of electricity in September 2013.
During the reporting period, hydropower production rose to 953 GWh from 921 GWh, fuelled by high water inflows, while wind generation went up to 132 GWh from 129 GWh in October 2012.
The average price per MWh generated in October stood at NZD 25.4, falling from NZD 29.7 a year before, due to higher than average hydro storage position, the company said.
Meridian Energy raised NZD 1.88 billion (USD 1.56bn/EUR 1.13bn) in its initial public offering (IPO) in October. For the whole of 2013 it sees “relatively flat” demand as compared to 2012 levels, affected by pressure from a reduction in Norske Skog Tasman Mill consumption and mild winter temperatures.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.