Meridian & NZAS sign peak demand response agreement-amended

Release






Meridian Energy Limited (ARBN 151 800 396) A company incorporated in New Zealand
287- 293 Durham Street North, Christchurch 8013

meridianenergy.co.nz
Stock Exchange Listings NZX (MEL) ASX (MEZ)
Meridian and NZAS sign peak demand response
agreement for winter 2024 - amended
27 February 2024
Amended release to correct hyperlink.
Meridian and New Zealand’s Aluminium Smelter (NZAS) have signed an additional new peak demand
response agreement covering a period of 12 weeks over winter 2024.
The start date of the agreement is 3 June 2024. The agreement will allow Meridian to require NZAS
to reduce its consumption of electricity at the Tiwai Point Smelter by up to 20 MW for up to four
trading periods a day and up to 20 trading periods over a fortnight to reduce pressure on the
electricity system over peak periods.
It is in addition to the larger demand response agreement signed in 2023, which allows Meridian to
require NZAS to reduce its consumption of electricity at the Tiwai Point Smelter by up to 50 MW. The
larger demand response agreement expires on 31 December 2024.
Meridian Energy Chief Executive Neal Barclay welcomes the new agreement.
“Simply put, this agreement means Aotearoa will have greater energy security this coming winter and
burn less coal during periods of peak consumption.”
"As New Zealand works towards a more renewable electricity system, we need to think creatively
about how we can manage winter demand and dry period energy needs, and we believe demand
response has an important role to play. We appreciate the work of the team at NZAS in making this
option available this winter.”
A copy of the peak demand response agreement, as well as the existing demand response
agreement signed in 2023, are available at https://www.meridianenergy.co.nz/about-
us/investors/reports/nzas-contract.
ENDS
Neal Barclay

Chief Executive Officer
Meridian Energy Limited

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