Investor news

Meridian Energy Limited's monthly operating report for the month of February 2019 can be found here

Highlights this month include:

  • In the month to 12 March 2019, national hydro storage decreased from 89% to 81% of historical average
  • South Island storage sat at 82% of average and North Island storage at 72% of average on 12 March
    2019
  • Meridian’s February 2019 monthly total inflows were 88% of historical average
  • Meridian’s Waitaki catchment storage at the end of February 2019 was 90% of historical average
  • Storage in Meridian’s Waiau catchment was above average at the end of February 2019
  • National electricity demand in February 2019 was 4.7% higher than the same month last year
  • Meridian made calls on load under the Genesis Swaption in February and early March 2019
  • February 2019 saw below normal rainfall and above average temperatures across the country. At the end
    of February, drier than normal soils were present across much of the country
  • New Zealand Aluminium Smelter's load during February 2019 was slightly below the contract level of
    622MW
  • Meridian’s retail sales volumes in February 2019 were 21.9% higher than February 2018

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

 

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