Meridian Energy has released its monthly operating report for the month of December 2017

Highlights this month include:

  • In the month to 17 January 2018, national hydro storage decreased from 90% to 79% of historical average
  • South Island storage sat at 72% of average and North Island storage at 122% of average on 17 January
  • Meridian's December 2017 monthly total inflows were 70% of historical average
  • Meridian's Waitaki catchment storage at the end of December 2017 was 81% of historical average
  • Storage in Meridian's Waiau catchment was also well below average at the end of December 2017
  • Waiau catchment inflows were 68% of average in December 2017
  • Meridian has made calls on load under the Genesis Swaption during both December 2017 and January 2018
  • National electricity demand in December 2017 was 2.4% higher than the same month last year
  • December 2017 was a very warm and dry month with temperatures well above average and rainfall well below average across most of New Zealand
  • Meridian's retail sales volumes in December 2017 increased by 20.5% compared to December 2016

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 19 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 January 2018 07:09:10 UTC.

Original documenthttps://www.meridianenergy.co.nz/news-and-events/meridian-energy-monthly-operating-report-for-december-2017

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