Meridian Energy Limited's monthly operating report for May 2023 showed a national hydro storage increase from 121% to 143% of historical average, with South Island storage increasing to 141% and North Island storage decreasing to 158%.
Inflows in the Waitaki catchment were the second highest on record for the month of May, and the Waiau catchment inflows were 188% of historical average.
National electricity demand increased by 1.6% compared to the same month last year, and Meridian's retail sales volumes were 1.0% higher than May 2022.
Revised full year FY23 Capital Expenditure is estimated to be between $340m-$365m.
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