Investor news

Meridian Energy has released its monthly operating report for the month of April 2018.

Highlights this month include:

  • In the month to 11 May 2018, national hydro storage increased from 113% to 121% of historical average
  • South Island storage sat at 121% of average and North Island storage at 123% of average on 11 May 2018
  • Meridian’s April 2018 monthly total inflows were 123% of historical average
  • Meridian’s Waitaki catchment storage at the end of April 2018 was 120% of historical average
  • Storage in Meridian’s Waiau catchment was well above average at the end of April 2018
  • National electricity demand in April 2018 was 2.3% higher than the same month last year, with Good Friday public holiday falling in March this year and April last year
  • April 2018 saw near average temperatures punctuated by a mid-month cold snap. Most parts of the country recorded above average rainfall for the month
  • Meridian’s retail sales volumes in April 2018 decreased by 0.6% compared to April 2017

Neal Barclay
Chief Executive
Meridian Energy Limited

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Owen Hackston
Investor Relations Manager
021 246 4772

Polly Atkins
External Communications Specialist
021 174 1715