Investor news

Meridian Energy Limited's monthly operating report for the month of June 2020 can be found here. 

Highlights this month include:

  • In the month to 20 July 2020, national hydro storage decreased from 103% to 75% of historical average
  • South Island storage sat at 75% of average and North Island storage at 76% of average on 20 July 2020
  • Meridian’s June 2020 monthly total inflows were 78% of historical average
  • Meridian’s Waitaki catchment storage at the end of June 2020 was 73% of historical average
  • Storage in Meridian’s Waiau catchment was below average at the end of June 2020
  • National electricity demand in June 2020 was 1.1% lower than the same month last year
  • Weekly demand continued its relatively strong levels through Alert Level 1
  • June 2020 was a warm start to winter across much of the country. While most of the North Island saw above average rainfall, southern and western parts of the South Island were comparatively dry
  • Meridian made calls under the Genesis swaption during June 2020 and July 2020
  • New Zealand Aluminium Smelter’s average load during June 2020 was 565MW as the 4th potline at Tiwai Point remains suspended in response to COVID-19
  • Meridian’s New Zealand retail sales volumes in June 2020 were 15.6% higher than June 2019
  • Compared to June 2019, Meridian saw increased segment sales in all segments: residential (+6.0%), small medium business (+4.3%) agricultural (+19.4%), large business (+18.8%) and corporate (+26.3%.

ENDS

Neal Barclay
Chief Executive
Meridian Energy Limited

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Owen Hackston
Investor Relations Manager
021 246 4772


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Polly Atkins
Senior Communications Specialist
021 174 1715