India, Oct. 20 -- Meridian Energy Limited (MEL.NZ), a New Zealand-based electricity generator and retailer, reported an 18.9% increase in generation for the first quarter of fiscal 2027, supported by strong hydro inflows and above-average lake storage, despite mild weather in September.
Total inflows for the first quarter were 154% of the historical average, up 29% from the same period last year. The average price achieved during the first quarter was 64.3% lower than a year earlier.
Total generation in September 2026 rose 17.6% from a year earlier, while national electricity demand declined 0.5%. September inflows reached 150% of the historical average.
National hydro storage fell to 121% of the historical average as of October 12, 2026...