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Meridian Energy monthly operating report for April 2018

Operational Update15 May 2018MELUtilities

PG 1

Meridian Energy monthly operating report for April 2018

15 May 2018

Attached is Meridian Energy Limited's monthly operating report for the month of April 2018.

Highlights this month include:

 In the month to 11 May 2018, national hydro storage increased from 113% to 121% of historical average

 South Island storage sat at 121% of average and North Island storage at 123% of average on 11 May

2018

 Meridian’s April 2018 monthly total inflows were 123% of historical average

 Meridian’s Waitaki catchment storage at the end of April 2018 was 120% of historical average

 Storage in Meridian’s Waiau catchment was well above average at the end of April 2018

 National electricity demand in April 2018 was 2.3% higher than the same month last year, with Good

Friday public holiday falling in March this year and April last year

 April 2018 saw near average temperatures punctuated by a mid-month cold snap. Most parts of the

country recorded above average rainfall for the month

 Meridian’s retail sales volumes in April 2018 decreased by 0.6% compared to April 2017


ENDS

Neal Barclay

Chief Executive

Meridian Energy Limited



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