Investor news

Attached is Meridian Energy Limited's monthly operating report for the month of October 2018.

Highlights this month include:

  • In the month to 9 November 2018, national hydro storage increased from 79% to 83% of historical
    average.
  • South Island storage sat at 86% of average and North Island storage at 73% of average on 9 November
    2018
  • Meridian’s Waitaki catchment storage at the end of October 2018 was 75% of historical average.
  • Storage in Meridian’s Waiau catchment was also below average at the end of October 2018.
  • Meridian has made calls on load under the Genesis Swaption during October 2018.
  • National electricity demand in October 2018 was 2.1% higher than the same month last year.
  • October 2018 saw a dry month across most of New Zealand, with near average temperatures across the
    country.
  • Meridian’s retail sales volumes in October 2018 were 10.4% higher than October 2017.


ENDS

Neal Barclay
Chief Executive
Meridian Energy Limited

 

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