Meridian Energy monthly operating report for July 2020

Attached is Meridian Energy Limited's monthly operating report for the month of July 2020.

Highlights this month include:

- In the month to 13 August 2020, national hydro storage decreased from 75% to 70% of historical average 

- South Island storage sat at 73% of average and North Island storage at 57% of average on 13 August 2020 

- Meridian’s July 2020 monthly total inflows were 108% of historical average 

- Meridian’s Waitaki catchment storage at the end of July 2020 was 64% of historical average 

- Storage in Meridian’s Waiau catchment was below average at the end of July 2020 

- National electricity demand in July 2020 was 2.5% higher than the same month last year 

- Temperatures in July 2020 were around average or above across the country. Rainfall was above average in Northland and Otago/Southland, while it was comparatively dry elsewhere 

- Meridian made calls under the Genesis swaption during July 2020 

- New Zealand Aluminium Smelter’s average load during July 2020 was 561MW 

- Meridian’s New Zealand retail sales volumes in July 2020 were 14.2% higher than July 2019 

- Compared to July 2019, Meridian saw increased sales in all segments: residential (+12.7%), small medium business (+16.9%) agricultural (+11.2%), large business (+20.8%) and corporate (+13.4%). 

See link for complete update.

Meridian Energy monthly operating report for July 2020 

Source: Meridian Energy

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