Investor news

Meridian Energy Limited's monthly operating report for the month of December 2020 can be found here. 

Highlights this month include:

  • In the month to 18 January 2021, national hydro storage decreased from 95% to 79% of historical average
  • South Island storage sat at 72% of average and North Island storage at 117% of average on 18 January 2021
  • Meridian’s December 2020 monthly total inflows were 80% of historical average
  • Meridian’s Waitaki catchment water storage at the end of December 2020 was 73% of historical average
  • Water storage in Meridian’s Waiau catchment was below average at the end of December 2020
  • Waitaki snow storage at the end of December 2020 was 104% of historical average
  • Meridian made calls under the Genesis swaption in mid January 2021
  • National electricity demand in December 2020 was 0.9% lower than the same month last year
  • December 2020 was dry and mild for most of New Zealand with near average temperatures for most of the country. Much of the country experienced rainfall well below average, including western parts of the South Island
  • Outages confirmed out to May 2021 on the Roxborough-Livingstone line as part of the Clutha-Upper Waitaki Lines Project
  • New Zealand Aluminium Smelter’s average load during December 2020 was 566MW
  • NZ retail sales volumes in December 2020 were 8.9% higher than December 2019
  • Compared to December 2019, sales increased in most segments: residential (+8.8%), SME (+22.0%), large business (+8.3%) and corporate (+15.7%). Agricultural volumes were 6.3% lower

Highlights for the second quarter include:

  • Meridian’s Q2 total inflows were 92% of historical average and 43% lower than Q2 last year
  • Meridian’s Waitaki catchment water storage at the end of Q2 was 46% lower than Q2 last year
  • Waitaki snow storage at the end of Q2 was 104% of historical average compared with 149% in Q2 last year
  • Compared to Q2 last year, Meridian’s New Zealand generation was 1.2% lower at a 15.8% higher average price
  • New Zealand Aluminium Smelter’s average load during Q2 was 565MW compared with 593MW in Q2 last year
  • National electricity demand in Q2 was 0.2% lower than Q2 last year
  • At the end of Q2, Meridian’s New Zealand customer numbers were 6.1% higher than the same time last year
  • Compared to Q2 last year, Meridian’s NZ retail sales volumes were 13.6% higher at a 3.6% higher average price
  • All segment sales showed double digit percentage increases, except residential, which increased 4.9%
  • Compared to Q2 last year, Meridian’s Australian wind generation was 1.2% lower at a 41.7% lower average price
  • At the end of Q2, Meridian’s Australian electricity customer numbers were 13.1% higher the same time last year
  • Compared to Q2 last year, Meridian’s Australian retail sales volumes were 18.0% higher at a 17.0% lower average price
  • Compared to Q2 last year, Meridian Group Operating costs were 3.1% higher and Capital Expenditure was 8.7% higher

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