Attached is Meridian Energy Limited's monthly operating report for the month of October 2018.

Highlights this month include:

  • In the month to 9 November 2018, national hydro storage increased from 79% to 83% of historical
    average.
  • South Island storage sat at 86% of average and North Island storage at 73% of average on 9 November
    2018
  • Meridian's Waitaki catchment storage at the end of October 2018 was 75% of historical average.
  • Storage in Meridian's Waiau catchment was also below average at the end of October 2018.
  • Meridian has made calls on load under the Genesis Swaption during October 2018.
  • National electricity demand in October 2018 was 2.1% higher than the same month last year.
  • October 2018 saw a dry month across most of New Zealand, with near average temperatures across the
    country.
  • Meridian's retail sales volumes in October 2018 were 10.4% higher than October 2017.

ENDS

Neal Barclay
Chief Executive
Meridian Energy Limited

For investor relations queries, please contact: For media queries, please contact:
Owen Hackston Polly Atkins
Investor Relations Manager External Communications Specialist
021 246 4772 021 174 1715

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Disclaimer

Meridian Energy Limited published this content on 14 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 November 2018 19:43:07 UTC