Sharechat Logo

Meridian issues new demand response exercise notice to NZAS

Monday 22nd July 2024

Text too small?

Meridian Energy has issued New Zealand’s Aluminium Smelter (NZAS) with a new, larger demand response notice under the NZAS Demand Response Agreement dated 30 May 2024 (DR Agreement), revoking and replacing the earlier demand response notice issued on 16 July 2024.

 

As a result, contract quantity under the Core Agreement between Meridian and NZAS will, depending on the start time nominated by NZAS:

 

• continue with a reduction of 18.75 MWh per half hour until 30 July 2024;

• reduce further progressively between 30 July 2024 and 18 August 2024 in accordance with the Demand Response Agreement; and

• reduce by 69.375 MWh per half hour from 19 August 2024 until 24 September 2024,

 

unless Meridian advises NZAS otherwise.

 

Meridian has issued the notice to help manage South Island hydro storage levels.

 

A copy of the demand response agreement is available on Meridian’s website.

 

 



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

TRU - Resignation of CEO, Martin Dillon
HGH - Heartland confirms endorsement of TSB Heartland Bank CEO
Devon Funds Morning Note - 02 October 2026
TEM - Transaction in Own Shares
SPK - Notice of Annual Meeting and Proxy Form
October 2nd Morning Report
AFI - Dividend Guidance for FY27 and Move to Quarterly Dividends
SKO - Serko FY27 Interim Results Announcement Date - 16 November
NZK - Proposed Share Transaction Requiring Shareholder Approval
BIF - capital commitment made to BIF