Meridian Energy monthly operating report for November 2023

Attached is Meridian Energy Limited's monthly operating report for the month of November 2023.
Highlights this month include:
• In the month to 11 December 2023, national hydro storage decreased from 100% to 88% of historical average
• South Island storage decreased to 82% of average and North Island storage increased to 113% of average by 11 December 2023
• Meridian’s November 2023 monthly total inflows were 66% of historical average
• Waiau catchment inflows in November 2023 were 64% of historical average
• Meridian’s Waitaki catchment water storage at the end of November 2023 was 96% of historical average
• Snow storage in Meridian’s Waitaki catchment was 94% of average in early December
• Water storage in Meridian’s Waiau catchment was 86% of average at the end of November 2023
• National electricity demand in November 2023 was +0.7% higher than the same month last year
• November 2023 was dry and mild for most of the country with temperatures above average. Rainfall was below normal for much of the country, except for the East Coast of the North Island
• New Zealand Aluminium Smelter’s average load during November 2023 was 577MW
• Meridian’s retail sales volumes in November 2023 were +3.2% higher than November 2022
• Compared to November 2022, segment sales increased in residential +4.2%, small medium business +3.4%, large business +5.0% and corporate +4.1%, with decreases in agricultural -0.2%

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