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Meridian Energy monthly operating report for October 2017

Operational Update12 November 2017MELUtilities

PG 1

Meridian Energy monthly operating report for October 2017

13 November 2017

Attached is Meridian Energy Limited's monthly operating report for the month of October 2017.

Highlights this month include:

 In the month to 9 November 2017, national hydro storage decreased from 113% to 104% of historical

average

 South Island storage sat at 100% of average and North Island storage at 118% of average on 9

November 2017

 Meridian’s October 2017 monthly total inflows were 62% of historical average

 Meridian’s Waitaki catchment storage at the end of October 2017 was 116% of historical average

 Storage in Meridian’s Waiau catchment was below average at the end of October 2017

 National electricity demand in October 2017 was 1.2% higher than the same month last year

 October 2017 saw above average temperatures in most parts of the country and very dry conditions in the

central South Island

 Meridian’s retail sales volumes in October 2017 increased by 3.7% compared to October 2016



ENDS

Mark Binns

Chief Executive

Meridian Energy Limited


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021 246 4772

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