Meridian Energy monthly operating report for August 2022

Linked here is Meridian Energy Limited's monthly operating report for the month of August 2022.

Highlights this month include:

▪In the month to 14 September 2022, national hydro storage increased from 144% to 162% of historical average
▪ South Island storage increased to 170% of average and North Island storage increased to 134% of average by 14 September 2022
▪ Meridian’s August 2022 monthly total inflows were 231% of historical average, the highest August month inflows on record
▪ Winter 2022 total inflows (June to August) were the highest winter inflows on record
▪ Meridian’s Waitaki catchment water storage at the end of August 2022 was 188% of historical average
▪ Water storage in Meridian’s Waiau catchment was 141% of average at the end of August 2022
▪ Waitaki snow storage in late August 2022 was 133% of historical average
▪ National electricity demand in August 2022 was 2.2% higher than the same month last year
▪ August 2022 had highly variable rainfall, including serious flooding in parts of the country. It was also the 2nd warmest August on record, with temperatures above average across almost all the country
▪ New Zealand Aluminium Smelter’s average load during August 2022 was 575MW
▪ Meridian’s New Zealand retail sales volumes in August 2022 were 5.8% higher than August 2021
▪ Compared to August 2021, segment sales increased in small medium business +19.3%, agricultural +10.1% and large business +25.3% and corporate +1.0%. Residential sales decreased -1.3%

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited