Investor news

Meridian Energy Limited's monthly operating report for the month of January 2020 is attached.

Highlights this month include:

  • In the month to 13 February 2020, national hydro storage increased from 123% to 126% of historical average
  • South Island storage sat at 127% of average and North Island storage at 117% of average on 13 February 2020
  • Meridian’s January 2020 monthly total inflows were 71% of historical average
  • Meridian’s Waitaki catchment storage at the end of January 2020 was 118% of historical average
  • Storage in Meridian’s Waiau catchment was below average at the end of January
  • National electricity demand in January 2020 was 0.8% higher than the same month last year
  • Meridian made calls under the Genesis Swaption in January and early February 2020
  • January 2020 saw low rainfall across much of the country, with cooler temperatures in the first half of the
    month contrasting with a warmer second half
  • New Zealand Aluminium Smelter's load during January 2020 was below the contract level of 622MW
  • Meridian’s New Zealand retail sales volumes in January 2020 were 25.1% higher than January 2019

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