Meridian Energy monthly operating report for April 2023

  • Investor news

Linked here is Meridian Energy Limited's monthly operating report for the month of April 2023.

Highlights this month include:

  • In the month to 8 May 2023, national hydro storage increased from 119% to 121% of historical average
  • South Island storage increased to 111% of average and North Island storage increased to 197% of average by 8 May 2023
  • Meridian’s April 2023 monthly total inflows were 73% of historical average ▪ Waiau catchment inflows in April 2023 were 51% of historical average
  • Meridian’s Waitaki catchment water storage at the end of April 2023 was 115% of historical average
  • Water storage in Meridian’s Waiau catchment was 61% of average at the end of April 2023
  • National electricity demand in April 2023 was 0.3% lower than the same month last year
  • April 2023 saw variable rainfall across both the North and South Islands. Above average temperatures were recorded in almost all parts of the country
  • New Zealand Aluminium Smelter’s average load during April 2023 was 571MW ▪ Meridian’s retail sales volumes in April 2023 were 2.7% lower than April 2022
  • Compared to April 2022, segment sales increased in residential +1.8%, small medium business +1.8% and large

Neal Barclay
Chief Executive
Meridian Energy Limited

For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Meridian Energy Media Team
0800 948 843