Investor news

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

Highlights this month include:

  • In the month to 9 April 2020, national hydro storage decreased from 111% to 94% of historical average
  •  South Island storage sat at 96% of average and North Island storage at 71% of average on 9 April 2020
  • Meridian’s March 2020 monthly total inflows were 79% of historical average
  • Meridian’s Waitaki catchment storage at the end of March 2020 was 107% of historical average
  • Storage in Meridian’s Waiau catchment was below average at the end of March
  • National electricity demand in March 2020 was 2.0% lower than the same month last year
  • COVID-19 lockdown has reduced weekly demand in April 2020 by around 16% compared to the same period
    last year
  • Meridian made calls under the Genesis Swaption in March 2020
  • Pohokura offshore gas wells and the HVDC link returned to full operation in late March/early April 2020
    respectively
  • March 2020 was dry across much of the country, with the exception of the lower North Island and Northern
    Canterbury. Temperatures were near to below average
  • New Zealand Aluminium Smelter's load during March 2020 was below the contract level of 622MW
  • In early April 2020 the 4th potline at Tiwai Point was suspended for up to six months in response to COVID-19
  • Meridian’s New Zealand retail sales volumes in March 2020 were 14.7% higher than March 2019
  • April 2020 is seeing significantly lower business and commercial sales, higher residential sales.

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