Monday 19th June 2023 |
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Attached is Meridian Energy Limited's monthly operating report for the month of May 2023.
Highlights this month include:
In the month to 14 June 2023, national hydro storage increased from 121% to 143% of historical average
South Island storage increased to 141% of average and North Island storage decreased to 158% of average by 14 June 2023
Meridian’s May 2023 monthly total inflows were 190% of historical average, the third highest May inflows on record
The Waitaki catchment recorded its second highest May month inflows on record
Waiau catchment inflows in May 2023 were 188% of historical average
Meridian’s Waitaki catchment water storage at the end of May 2023 was 137% of historical average
Water storage in Meridian’s Waiau catchment was 187% of average at the end of May 2023
National electricity demand in May 2023 was 1.6% higher than the same month last year
May 2023 saw the warmest May on record. Rainfall was above average across the country except in some east coast regions of both islands
New Zealand Aluminium Smelter’s average load during May 2023 was 574MW
Meridian’s retail sales volumes in May 2023 were 1.0% higher than May 2022
Compared to May 2022, segment sales increased in small medium business +3.7%, large business +11.4% and corporate +1.2%. Sales decreased in residential -0.5% and agricultural -8.5%
Revised full year FY23 Capital Expenditure of $340m-$365m (previously $370m-$395m)
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