Meridian Energy monthly operating report for January 2018

PG 1

Meridian Energy monthly operating report for January 2018
13 February 2018
Attached is Meridian Energy Limited's monthly operating report for the month of January 2018.
Highlights this month include:
 In the month to 11 February 2018, national hydro storage increased from 79% to 92% of historical
average
 South Island storage sat at 86% of average and North Island storage at 129% of average on 11 February
2018
 Meridian’s January 2018 monthly total inflows were 65% of historical average
 Meridian’s Waitaki catchment storage at the end of January 2018 was 75% of historical average
 Storage in Meridian’s Waiau catchment was well below average at the end of January 2018
 Waiau catchment inflows in January 2018 were the second lowest January month inflows on record
 Meridian has made calls on load under the Genesis Swaption during January 2018 and early February
2018
 National electricity demand in January 2018 was 1.4% higher than the same month last year
 January 2018 was New Zealand’s hottest month on record, with the North and top of the South Island
experiencing wet conditions, while droughts were declared in other South Island regions
 Meridian’s retail sales volumes in January 2018 decreased by 1.8% compared to January 2017

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Polly Atkins
External Communications Specialist
021 174 1715

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