NZAS and Meridian: voluntary load reduction

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NZAS and Meridian agree swap to facilitate voluntary
load reduction
28 April 2021
Meridian and New Zealand’s Aluminium Smelter (NZAS) have agreed an electricity swap that will
assist NZAS to voluntarily reduce its consumption of electricity at the Tiwai Aluminium Smelter by up
to 30.5MWh per hour effective from today to 31 May 2021 to assist with managing the dry hydrology
conditions the country is currently experiencing. The swap operates to compensate NZAS for any
load it voluntarily decides to reduce. The swap does not replace Meridian’s ability to call a Smelter
Demand Response if the dry year trigger level in the main Meridian / NZAS electricity contract is
reached. Meridian and NZAS have also made a non-binding agreement to work together to ensure
that any load reduction voluntarily made by NZAS comes off the total amount of load that NZAS is
required to drop should Meridian need to trigger the Smelter Demand Response provisions in the
contract as a result of ongoing dry conditions.

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited



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