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Meridian Energy Limited (ASX:MEZ)

ALERT: Price-sensitive ASX Announcement for MEZ
Current share price for MEZ : $4.270 -0.51 (-10.67%)+
Announcement
Release
15 Jun 2026 7:31AM
Price at Release
$4.780
Full Release
download
Summary
Meridian Energy Limited's monthly operating report for May 2026 highlights key operational metrics and performance outcomes. During May, national hydro storage increased significantly, and despite record low rainfall, Meridian managed to maintain strong water storage levels in the Waitaki catchment. Retail sales volumes increased by 7.8% compared to May 2025, with significant increases across various customer segments including residential and businesses. The report also notes a continuation of high electricity demand and a reduction in average electricity prices compared to the previous year. Overall, Meridian experienced a year-to-date inflow at 118% of the historical average, marking the highest inflow since 1998.
Key Points
  • National hydro storage increased to 125% of historical average by 8 June 2026.
  • South Island storage increased to 120% of average while North Island storage decreased to 160% of average.
  • May 2026 monthly inflows were 82% of historical average, while the financial year-to-date inflows were the highest since 1998.
  • Waitaki catchment water storage was at 106% of historical average by the end of May 2026.
  • National electricity demand in May 2026 was 1.7% higher than May 2025.
  • Meridian's retail sales volumes were 7.8% higher than in May 2025.
  • Average load for NZAS during May 2026 was 576MW.
  • Electricity prices received for generation were 61.7% lower than the same month last year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.