Investor news

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

Highlights this month include:

  • In the month to 9 July 2018, national hydro storage decreased from 120% to 114% of historical average
  • South Island storage sat at 113% of average and North Island storage at 119% of average on 9 July 2018
  • Meridian’s June 2018 monthly total inflows were 64% of historical average
  • Meridian’s Waitaki catchment storage at the end of June 2018 was 113% of historical average
  • Storage in Meridian’s Waiau catchment was below average at the end of June 2018, with inflows during
    the first week of July lifting lake levels
  • National electricity demand in June 2018 was 3.1% higher than the same month last year and included an
    ongoing maintenance shutdown at the Marsden Point oil refinery
  • June 2018 saw contrasting rainfall with wet eastern and dry western conditions and temperature
    variability, including cold conditions near the end of the month
  • Meridian’s retail sales volumes in June 2018 increased by 5.4% compared to June 2017

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

 

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