Investor news

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

Highlights this month include:

  • In the month to 10 April 2018, national hydro storage increased from 107% to 113% of historical average
  • South Island storage sat at 110% of average and North Island storage at 135% of average on 10 April 2018
  • Meridian’s March 2018 monthly total inflows were 113% of historical average
  • Meridian’s Waitaki catchment storage at the end of March 2018 was 109% of historical average
  • Storage in Meridian’s Waiau catchment was well above average at the end of March 2018
  • National electricity demand in March 2018 was 0.5% lower than the same month last year, with most of the reduction being seen in the Canterbury region
  • March 2018 was a warm month across New Zealand. Rainfall was variable, with heavy rain leading to flooding in some areas and lower irrigation use
  • Meridian’s retail sales volumes in March 2018 decreased by 8.6% compared to March 2017

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

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021 246 4772

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021 174 1715