Trustpower stands to gain from plummeting electricity prices, according to Forsyth Barr specialist analyst Andrew Harvey-Green – while Contact Energy and NZ Windfarms will be feeling the strain.

Both wholesale spot electricity prices and future EnergyHedge prices, already low, fell further in September due to heavy rain and high lake levels. 

Trustpower this afternoon announced details of a $125 million public bond offer, in a debt repayment plan.

The NZX-listed company, which signalled the move earlier this month in its interim results posted a “highly credible” half-year result, according to Goldman Sachs JBWere’s Matt Henry.