Meridian Energy monthly operating report for November 2020

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

Highlights this month include:

• In the month to 7 December 2020, national hydro storage decreased from 111% to 95% of historical
  average
• South Island storage sat at 89% of average and North Island storage at 120% of average on 7
  December 2020
• Meridian’s November 2020 monthly total inflows were 80% of historical average
• Meridian’s Waitaki catchment water storage at the end of November 2020 was 102% of historical
  average
• Water storage in Meridian’s Waiau catchment was below average at the end of November 2020
• Waitaki snow storage at the end of November 2020 was 81% of historical average
• National electricity demand in November 2020 was 0.2% lower than the same month last year
• November 2020 was wet and warm for much of New Zealand with above average temperatures
  nearly everywhere. Aside from Southland, Fiordland and the West Coast, most of the country saw
  above average rainfall
• Outages continued on Clyde - Cromwell - Twizel circuits as part of the Clutha Upper Waitaki Lines
  Project
• New Zealand Aluminium Smelter’s average load during November 2020 was 566MW
• Meridian’s New Zealand retail sales volumes in November 2020 were 11.0% higher than November
  2019
• Compared to November 2019, Meridian saw increased sales in all segments: residential (+9.8%),
  small medium business (+12.6%) agricultural (+3.3%), large business (+12.1%) and corporate
  (+15.1%)
• E.ON have announced they intend to close their Powershop UK business, a client of Flux Federation,
  during the 2021 calendar year

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited