Latest Hydro Storage News

Meridian Energy has received final approval to ease access restrictions on Lake Pūkaki hydro storage for three years, reducing dry-year risk and enhancing supply security through to Winter 2028.

Meridian Energy secures long-term operational certainty for its flagship Waitaki Power Scheme, maintaining generation capacity and storage with a focus on biodiversity enhancements.

Contact Energy's May 2026 report reveals increased mass market electricity and gas sales alongside reduced generation costs and robust hydro storage levels. The company continues to invest heavily in renewable projects amid mixed wholesale price trends.

Meridian Energy's May 2026 report reveals robust hydro storage reaching 125% of historical average by early June, despite a record dry month. Retail sales volumes jumped 7.8% year-on-year, while average generation prices plunged over 60%.

Meridian Energy has secured a draft decision allowing greater access to Lake Pūkaki’s hydro storage contingent reserves, with plans to moderate usage amid supply risk concerns.

Infratil Investments has inked a deal with Macquarie Securities to offload 53.5 million Contact Energy shares at NZ$9.25 each, trimming its stake slightly and unlocking nearly half a billion NZD.

Contact Energy's April 2026 report shows rising electricity and gas sales, improved margins, and lower generation costs, supported by strong hydro storage and ongoing renewable projects.

Meridian Energy's April 2026 operating report highlights robust hydro inflows and retail sales growth while electricity futures prices continue to decline.

Contact Energy is set for a leadership shift as Chair Rob McDonald retires after eight transformative years, handing the reins to director Jon Macdonald, whose governance experience promises continuity amid ongoing renewable expansion.

Meridian Energy's March 2026 report reveals robust retail sales growth and healthy hydro storage despite falling electricity futures prices, prompting a downward revision of FY26 capital expenditure guidance.

Contact Energy’s March 2026 report reveals a solid rise in electricity and gas sales alongside a notable decline in generation costs, driven by increased renewable output and strong hydro storage levels.

Contact Energy's February 2026 report reveals rising electricity and gas sales, improved generation efficiency, and robust hydro storage, underpinning a stable financial outlook for FY26.