Meridian Energy monthly operating report for July 2022

Attached is Meridian Energy Limited's monthly operating report for the month of July 2022.

Highlights this month include:

▪ In the month to 9 August 2022, national hydro storage increased from 94% to 144% of historical average

▪ South Island storage increased to 146% of average and North Island storage decreased to 132% of average by 9 August 2022

▪ Meridian’s July 2022 monthly total inflows were 183% of historical average, the 3rd highest July month inflows on record

▪ July 2022 Waitaki catchment inflows were the highest July month inflows on record

▪ Meridian’s Waitaki catchment water storage at the end of July 2022 was 112% of historical average

▪ Water storage in Meridian’s Waiau catchment was 144% of average at the end of July 2022

▪ Waitaki snow storage in late July 2022 was 131% of historical average

▪ National electricity demand in July 2022 was 1.1% lower than the same month last year

▪ July 2022 was New Zealand’s wettest July on record. It was also the 4th warmest July on record, with temperatures above average across most of the country

▪ New Zealand Aluminium Smelter’s average load during July 2022 was 575MW

▪ Meridian’s New Zealand retail sales volumes in July 2022 were 2.4% higher than July 2021

▪ Compared to July 2021, segment sales increased in residential +0.6%, small medium business +4.0%, agricultural +3.0% and large business +22.3%. Corporate sales decreased -0.4%

Meridian Energy monthly operating report for July 2022

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Skellerup achieves another record result
August 21st Morning Report
Me Today signals capital raise and provides trading update
Seeka Announces Interim Result and Updates Guidance
FBU - Fletcher Building announces FY25 Results
August 20th Morning Report
RUA - New Zealand grown products support Rua's global strategy
Devon Funds Morning Note - 19 August 2025
Seeka Announces 15 cent Dividend
MCY - Major renewable build advanced despite 10% earnings dip