Meridian Energy Limited released its monthly operating report for June 2023, showing that national hydro storage decreased from 143% to 121% of historical average, and South Island storage decreased to 120% of average and North Island storage decreased to 127% of average.
Inflows for the month were 124% of historical average, while water storage in Meridian’s Waiau catchment was 108% of average at the end of June.
National electricity demand was 0.3% higher than the same month last year, and Meridian’s retail sales volumes were 0.3% lower than June 2022.
In Q4, Meridian’s total inflows were 129% of historical average, 35% higher than Q4 last year, and total operating costs were 4.3% higher compared to Q4 last year.
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