Investor news

Meridian Energy has released its monthly operating report for the month of December 2017

Highlights this month include:

  • In the month to 17 January 2018, national hydro storage decreased from 90% to 79% of historical average
  • South Island storage sat at 72% of average and North Island storage at 122% of average on 17 January
  • Meridian’s December 2017 monthly total inflows were 70% of historical average
  • Meridian’s Waitaki catchment storage at the end of December 2017 was 81% of historical average
  • Storage in Meridian’s Waiau catchment was also well below average at the end of December 2017
  • Waiau catchment inflows were 68% of average in December 2017
  • Meridian has made calls on load under the Genesis Swaption during both December 2017 and January 2018
  • National electricity demand in December 2017 was 2.4% higher than the same month last year
  • December 2017 was a very warm and dry month with temperatures well above average and rainfall well below average across most of New Zealand
  • Meridian’s retail sales volumes in December 2017 increased by 20.5% compared to December 2016

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

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