Meridian Energy Limited (ASX:MEZ) Releases February Operating Report
Operational Highlights
In February 2025, Meridian Energy reported total inflows of 42% of the historical average, marking the lowest start to a calendar year since records began. National hydro storage decreased from 91% to 76% of the historical average by 10 March 2025, with South Island storage at 72% and North Island storage at 103%.
Generation and Sales
Generation in February 2025 was 5.9% lower year-on-year due to reduced hydro and wind output. Retail sales volumes declined by 1.9% compared to February 2024, with agricultural sales falling by 10.1%.
Weather Impact
The month was characterised by warm and dry conditions, with above-average temperatures and below normal or well below normal rainfall across most regions of New Zealand.
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