Meridian Energy monthly operating report for July 2024

Attached is Meridian Energy Limited's monthly operating report for the month of July 2024.

Highlights this month include:
 In the month to 12 August 2024, national hydro storage decreased from 65% to 45% of historical average
 South Island storage decreased to 44% of average and North Island storage decreased to 51% of average by 12 August 2024
 Meridian’s July 2024 monthly total inflows were 78% of historical average
 Waiau catchment inflows in July 2024 were 74% of historical average
 July 2024 total inflows were the lowest July month inflows since 2011
 Meridian’s Waitaki catchment water storage at the end of July 2024 was 45% of historical average
 Snow storage in Meridian’s Waitaki catchment was 65% of average in early August
 Water storage in Meridian’s Waiau catchment was 76% of average at the end of July 2024
 National electricity demand in July 2024 was +2.1% higher than the same month last year
 July 2024 was mild and dry for much of the country, with much of the South Island recording extended dry spells
 New Zealand Aluminium Smelter’s average load during July 2024 was 520MW
 Meridian’s retail sales volumes in July 2024 were -2.8% lower than July 2023
 Compared to July 2023, segment sales increased in residential +0.6%, small medium business +3.1%, agriculture +1.7% and large business +3.1%. Corporate sales decreased by -9.2%

Weekly lake storage updates are available on Meridian’s website. See comparative lake levels at: www.meridianenergy.co.nz/power-stations/lake-levels

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