Investor news

Meridian Energy Limited's monthly operating report for the month of March 2019 can be found here.

Highlights this month include:

  • In the month to 5 April 2019, national hydro storage increased from 81% to 105% of historical average
  • South Island storage sat at 109% of average and North Island storage at 67% of average on 5 April 2019
  • Meridian’s March 2019 monthly total inflows were 136% of historical average
  • Meridian’s Waitaki catchment storage at the end of March 2019 was 107% of historical average
  • Storage in Meridian’s Waiau catchment was above average at the end of March 2019
  • National electricity demand in March 2019 was 3.6% higher than the same month last year
  • Meridian made calls on load under the Genesis Swaption in March and early April 2019
  • March 2019 was New Zealand’s second equal warmest March on record. It was a dry month for many
    locations, although extremely heavy rainfall occurred in the western South Island on March 25-27. Drier
    than normal soils were present across large parts of the country at the end of March
  • New Zealand Aluminium Smelter's load during March 2019 was below the contract level of 622MW
  • Meridian’s retail sales volumes in March 2019 were 21.4% higher than March 2018

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 Media Team
0800 948 843