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:

NZX welcomes capital markets reforms
CHI - Completion of retail bookbuild
With more banks deserting New Zealand, the consumer suffers
MEL - Neal Barclay steps down in 2025, Mike Roan appointed CE
December 12th Morning Report
December 11th Morning Report
December 10th Morning Report
CHATHAM ROCK CLOSES PRIVATE PLACEMENT OF SHARES
CVT - Accounting irregularities impact prior periods
December 9th Morning Report