Meridian Energy monthly operating report for February 2018

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Meridian Energy monthly operating report for February 2018
13 March 2018
Attached is Meridian Energy Limited's monthly operating report for the month of February 2018.
Highlights this month include:
 In the month to 11 March 2018, national hydro storage increased from 92% to 107% of historical average
 South Island storage sat at 100% of average and North Island storage at 158% of average on 11 March
2018
 Meridian’s February 2018 monthly total inflows were 148% of historical average
 Meridian’s Waitaki catchment storage at the end of February 2018 was 96% of historical average
 Storage in Meridian’s Waiau catchment was above average at the end of February 2018
 Meridian made calls on load under the Genesis Swaption during early February 2018
 National electricity demand in February 2018 was 2.4% lower than the same month last year, with all the
reduction being seen in the South Island
 February 2018 saw the influence of two ex-tropical cyclones, with South Island rainfall totals as high as
300%-400% of average in places and notably lower irrigation usage
 Meridian’s retail sales volumes in February 2018 decreased by 12.7% compared to February 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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