Investor news

Meridian Energy Limited's monthly operating report for the month of February 2020 is available here. 

Highlights this month include:

  • In the month to 10 March 2020, national hydro storage decreased from 126% to 111% of historical average
  • South Island storage sat at 113% of average and North Island storage at 97% of average on 10 March 2020
  • Meridian’s February 2020 monthly total inflows were 165% of historical average
  • Meridian’s Waitaki catchment storage at the end of February 2020 was 116% of historical average
  • Storage in Meridian’s Waiau catchment was above average at the end of February
  • National electricity demand in February 2020 was 2.7% higher than the same month last year
  • Meridian made calls under the Genesis Swaption in February and early March 2020
  • February 2020 was warm and dry across much of the country, contrasted by high rainfall and flooding in the
    lower South Island
  • New Zealand Aluminium Smelter's load during February 2020 was below the contract level of 622MW
  • Meridian’s New Zealand retail sales volumes in February 2020 were 20.9% higher than February 2019

Meridian yesterday issued a media release outlining the business’s preparedness activity for COVID-19. A copy of
that release can be found here.

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