Meridian Energy monthly operating report for October 2022

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

Highlights this month include:

▪ In the month to 15 November 2022, national hydro storage increased from 146% to 149% of historical average

▪ South Island storage increased to 154% of average and North Island storage decreased to 132% of average by 15 November 2022

▪ Meridian’s October 2022 monthly total inflows were 70% of historical average

▪ Waiau catchment inflows in October 2022 were lower, at 58% of historical average

▪ Meridian’s Waitaki catchment water storage at the end of October 2022 was 154% of historical average

▪ Water storage in Meridian’s Waiau catchment was 73% of average at the end of October 2022

▪ Waitaki snow storage in late October 2022 was 109% of historical average

▪ National electricity demand in October 2022 was 3.1% higher than the same month last year

▪ October 2022 was dry and mild for much of the country. Rainfall was below average for most of the South Island and southern and westerns parts of the North Island

▪ New Zealand Aluminium Smelter’s average load during October 2022 was 573MW

▪ Meridian’s New Zealand retail sales volumes in October 2022 were 11.0% higher than October 2021

▪ Compared to October 2021, segment sales increased in residential +2.5%, small medium business +23.9%, agricultural +27.4% and corporate +7.2%. Large business sales decreased -7.9%

 Meridian Energy monthly operating report for October 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:

Rua Bioscience Market Update
FSF - Fonterra announces interim leadership changes
April 29th Morning Report
NZK - Blue Endeavour Pilot Farm and Wellboat Update
TRU - FY 31 March 2026 Revenue and Results Guidance Achieved
FBU - Fletcher Building sale of Fletcher Reinforcing and Wire
April 28th Morning Report
RYM - Ryman Healthcare appoints new independent director
ikeGPS 4Q FY26 and Full Year FY26 Performance Update
HGH - Heartland trading update