Meridian Energy monthly operating report for April 2024

  • Investor news

Linked here is Meridian Energy Limited's monthly operating report for the month of March 2024.

Attached is Meridian Energy Limited's monthly operating report for the month of April 2024.

Highlights this month include:

  • In the month to 8 May 2024, national hydro storage decreased from 102% to 96% of historical average
  • South Island storage decreased to 97% of average and North Island storage decreased to 84% of average by 8 May 2024
  • Meridian’s April 2024 monthly total inflows were 136% of historical average
  • Waiau catchment inflows in April 2024 were 130% of historical average
  • Meridian’s Waitaki catchment water storage at the end of April 2024 was 97% of historical average
  • Water storage in Meridian’s Waiau catchment was 148% of average at the end of April 2024
  • National electricity demand in April 2024 was +3.9% higher than the same month last year
  • April 2024 was dry in eastern New Zealand but wetter in the west of both islands. Temperatures were above average for most of the country
  • New Zealand Aluminium Smelter’s average load during April 2024 was 569MW
  • Meridian’s retail sales volumes in April 2024 were +5.6% higher than April 2023
  • Compared to April 2023, segment sales increased in residential +4.7%, small medium business +3.6%, large business +7.4% and agriculture +38.0% with decreases in
    corporate -1.2%

ENDS

Neal Barclay

Chief Executive
Meridian Energy Limited

For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
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Philip Clark
Head of Communications
027 838 5710