Neal Barclay: Meridian CEO hopeful rain will take the strain off New Zealand's power pressures

Heather du Plessis-Allan Drive

Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

6h ago 2:41

MP3•Episode home

An energy boss says predicted rain will take the strain off New Zealand's power supply.

Winstone Pulp plans to close its central North Island pulp and saw mills because of spiking electricity prices, putting more than 200 jobs on the line.

Transpower is now offering power generators early access to emergency hydro-lake reserves - with levels massively below average for this time of year.

Meridian CEO Neal Barclay says rain and snowmelt in spring and summer will raise lake levels.

"As soon as the lakes start filling up, we can start easing more into hydro-generation. We'll certainly see stock prices start to soften quite a lot."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

7039 episodes

#News #NZME #Newstalk ZB