Meridian Energy monthly operating report for August 2024

MKTUPDTE
Fri, Sep 13 2024 08:30 am

Attached is Meridian Energy Limited's monthly operating report for the month of August 2024. Highlights this month include:

▪ In the month to 9 September 2024, national hydro storage increased from 45% to 99% of historical average
▪ South Island storage increased to 104% of average and North Island storage increased to 82% of average by 9 September 2024
▪ Meridian’s August 2024 monthly total inflows were 119% of historical average
▪ Waiau catchment inflows in August 2024 were 124% of historical average
▪ Meridian’s Waitaki catchment water storage at the end of August 2024 was 48% of historical average
▪ Snow storage in Meridian’s Waitaki catchment was 86% of average in early September
▪ Water storage in Meridian’s Waiau catchment was 114% of average at the end of August 2024
▪ National electricity demand in August 2024 was -6.3% lower than the same month last year
▪ August 2024 was warm, with average or above average temperatures for most of the country. Rainfall was above normal for western, inland and northern parts of the South Island
▪ New Zealand Aluminium Smelter’s average load during August 2024 was 398MW
▪ Meridian’s retail sales volumes in August 2024 were -3.2% lower than August 2023
▪ Compared to August 2023, segment sales increased in agriculture +4.4% and large business +7.1%, with decreases in residential -4.6%, small medium business -1.2% and corporate -6.9%

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


Announcement PDF


Markets News

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Tom Raynel 03 Jul 2025
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Ian Llewellyn 03 Jul 2025
Solar still on the rise, Ecotricity says
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025
Expectations of rate cuts boost NZ sharemarket in light trade