Meridian Energy monthly operating report for July 2023

Investor news

Linked here is Meridian Energy Limited's monthly operating report for the month of July 2023.


Highlights this month include:

  • In the month to 11 August 2023, national hydro storage decreased from 121% to 106% of historical average
  • South Island storage decreased to 112% of average and North Island storage decreased to 81% of average by 11 August 2023
  • Meridian’s July 2023 monthly total inflows were 86% of historical average
  • Waiau catchment inflows in July 2023 were 98% of historical average
  • Meridian’s Waitaki catchment water storage at the end of July 2023 was 126% of historical average
  • Snow storage in Meridian’s Waitaki catchment was 94% of average in early August
  • Water storage in Meridian’s Waiau catchment was 107% of average at the end of July 2023
  • National electricity demand in July 2023 was 1.0% lower than the same month last year
  • July 2023 temperatures were above average for most of the country. Rainfall was above average in eastern and southern parts of the South Island, and below average for the rest of the country
  • New Zealand Aluminium Smelter’s average load during July 2023 was 569MW
  • Meridian’s retail sales volumes in July 2023 were 0.6% higher than July 2022
  • Compared to July 2022, segment sales decreased in residential -3.4%, small medium business -0.5%, large business -1.5% and agriculture -0.4%. Corporate sales increased +4.4%

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