Investor news

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

Highlights this month include:

  • In the month to 11 June 2020, national hydro storage decreased from 103% to 80% of historical average
  • South Island storage sat at 84% of average and North Island storage at 52% of average on 11 June 2020
  • Meridian’s May 2020 monthly total inflows were 90% of historical average
  • Meridian’s Waitaki catchment storage at the end of May 2020 was 91% of historical average
  • Storage in Meridian’s Waiau catchment was below average at the end of May 2020
  • National electricity demand in May 2020 was 0.5% lower than the same month last year
  • Weekly demand continued its strong rebound as New Zealand moved down through Alert Levels 2 and 1
  • Except for the upper part of the South Island, rainfall was below average in May 2020. Temperatures were mostly above average and soil moisture levels are lower than average in many parts of the country
  • Meridian made calls under the Genesis swaption during May 2020 and June 2020
  • New Zealand Aluminium Smelter’s average load during May 2020 was 563MW as the 4th potline at Tiwai Point remains suspended in response to COVID-19
  • Meridian’s New Zealand retail sales volumes in May 2020 were 10.7% higher than May 2019
  • Compared to May 2019, Meridian saw increased segment sales in residential (+16.2%), agricultural (+25.5%) and corporate (+11.6%), with decreased sales in small medium business (-2.2%) and large business (-2.6%)

 

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