Investor news

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

Highlights this month include:

In the month to 8 October 2020, national hydro storage increased from 56% to 94% of historical average

South Island storage sat at 101% of average and North Island storage at 72% of average on 8 October
2020

Meridian’s September 2020 monthly total inflows were 169% of historical average

Meridian’s Waitaki catchment water storage at the end of September 2020 was 78% of historical average

Water storage in Meridian’s Waiau catchment was above average at the end of September 2020

Waitaki snow storage at the end of September 2020 was 113% of historical average

September 2020 was a record month of wind generation for Meridian in New Zealand

National electricity demand in September 2020 was 0.1% higher than the same month last year

September 2020 was dry for the north of the North Island and wet for much of the South Island.

Temperatures were near average for most of the country. Soil moisture levels were below normal for much of the eastern parts of New Zealand

New Zealand Aluminium Smelter’s average load during September 2020 was 561MW

Meridian’s New Zealand retail sales volumes in September 2020 were 12.7% higher than September 2019

Compared to September 2019, Meridian saw increased sales in all segments: residential (+3.9%), small medium business (+10.2%) agricultural (+13.8%), large business (+25.7%) and corporate (+16.6%)

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