Meridian Energy has released its monthly operating report for the month of January 2018.

Highlights this month includes:

  • In the month to 11 February 2018, national hydro storage increased from 79% to 92% of historical average
  • South Island storage sat at 86% of average and North Island storage at 129% of average on 11 February 2018
  • Meridian's January 2018 monthly total inflows were 65% of historical average
  • Meridian's Waitaki catchment storage at the end of January 2018 was 75% of historical average
  • Storage in Meridian's Waiau catchment was well below average at the end of January 2018
  • Waiau catchment inflows in January 2018 were the second lowest January month inflows on record
  • Meridian has made calls on load under the Genesis Swaption during January 2018 and early February 2018
  • National electricity demand in January 2018 was 1.4% higher than the same month last year
  • January 2018 was New Zealand's hottest month on record, with the North and top of the South Island experiencing wet conditions, while droughts were declared in other South Island regions
  • Meridian's retail sales volumes in January 2018 decreased by 1.8% compared to January 2017

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

For investor relations queries, please contact: For media queries, please contact:

Owen Hackston
Investor Relations Manager
021 246 4772

Polly Atkins
External Communications Specialist
021 174 1715

Meridian Energy Limited published this content on 13 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 February 2018 20:25:09 UTC.

Original documenthttps://www.meridianenergy.co.nz/news-and-events/meridian-energy-monthly-operating-report-for-january-2018

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