Investor news

Meridian Energy has released its monthly operating report for the month of February 2018.

Highlights this month include:

  • In the month to 11 March 2018, national hydro storage increased from 92% to 107% of historical average
  • South Island storage sat at 100% of average and North Island storage at 158% of average on 11 March 2018
  • Meridian’s February 2018 monthly total inflows were 148% of historical average
  • Meridian’s Waitaki catchment storage at the end of February 2018 was 96% of historical average
  • Storage in Meridian’s Waiau catchment was above average at the end of February 2018
  • Meridian made calls on load under the Genesis Swaption during early February 2018
  • National electricity demand in February 2018 was 2.4% lower than the same month last year, with all the reduction being seen in the South Island
  • February 2018 saw the influence of two ex-tropical cyclones, with South Island rainfall totals as high as 300%-400% of average in places and notably lower irrigation usage
  • Meridian’s retail sales volumes in February 2018 decreased by 12.7% compared to February 2017

Neal Barclay
Chief Executive
Meridian Energy Limited

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021 246 4772

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021 174 1715