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

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