Meridian Energy monthly operating report for April 2024

MKTUPDTE
Tue, May 14 2024 08:30 am

Attached is Meridian Energy Limited's monthly operating report for the month of April 2024.
Highlights this month include:
 In the month to 8 May 2024, national hydro storage decreased from 102% to 96% of historical average
 South Island storage decreased to 97% of average and North Island storage decreased to 84% of average by 8 May 2024
 Meridian’s April 2024 monthly total inflows were 136% of historical average
 Waiau catchment inflows in April 2024 were 130% of historical average
 Meridian’s Waitaki catchment water storage at the end of April 2024 was 97% of historical average
 Water storage in Meridian’s Waiau catchment was 148% of average at the end of April 2024
 National electricity demand in April 2024 was +3.9% higher than the same month last year
 April 2024 was dry in eastern New Zealand but wetter in the west of both islands. Temperatures were above average for most of the country
 New Zealand Aluminium Smelter’s average load during April 2024 was 569MW
 Meridian’s retail sales volumes in April 2024 were +5.6% higher than April 2023
 Compared to April 2023, segment sales increased in residential +4.7%, small medium business +3.6%, large business +7.4% and agriculture +38.0% with decreases in corporate -1.2%


Announcement PDF


Markets News

NZ shares fall on economic fears
Markets Market close

NZ shares fall on economic fears

The S&P/NZX 50 index dropped 96.21 points, or 0.8%, to 11,671.19.

Markets

Carbon auction gets zero bids

There was no interest in the 4 million units on offer.

Carbon auction gets zero bids
Markets

$2.2m spent, no takeover for Rakon

Chip-maker fumbled the bag, research analyst says.

$2.2m spent, no takeover for Rakon