Investor news

Meridian Energy Limited's monthly operating report for the month of August 2021 can be found here

Highlights this month include:

  • In the month to 10 September 2021, national hydro storage increased from 103% to 126% of historical average
  • South Island storage increased to 139% of average and North Island storage increased to 83% of average by 10 September 2021
  • Meridian’s August 2021 monthly total inflows were 161% of historical average
  • Meridian’s Waitaki catchment water storage at the end of August 2021 was 136% of historical average
  • Water storage in Meridian’s Waiau catchment was above average at the end of August 2021
  • Waitaki snow storage in early September 2021 was 118% of historical average
  • National electricity demand in August 2021 was 0.3% lower than the same month last year. More stringent lockdowns were in place this August compared to August 2020
  • August 2021 was another unseasonably warm month with temperatures above average for almost all the country. Rainfall was mixed, including above average totals in areas of the South Island
  • Meridian made some calls under the Genesis swaption in August 2021 during the HVDC Pole 2 outage
  • New Zealand Aluminium Smelter’s average load during August 2021 was 570MW 
  • Meridian’s New Zealand retail sales volumes in August 2021 were 12.2% higher than August 2020
  • Compared to August 2020, segment sales increased in residential +14.2%, small medium business +18.8% and corporate +17.2%. Large business volumes were -10.3% lower and agricultural volumes were -5.0% than August 2020.

ENDS

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 

MediaTeam@meridianenergy.co.nz