Meridian Energy Limited (ASX:MEZ) Releases March 2025 Operating Report
Operating Performance
Meridian Energy reported a record Q3 low in inflows, with total inflows at 48% of the historical average, marking a 50% decrease compared to Q3 last year. Generation for the quarter was 4.9% lower, offset by a 19.6% increase in average prices.
Water Inflows & Storage
In March 2025, national hydro storage increased slightly to 77% of the historical average. South Island storage rose to 76%, while North Island storage fell to 84%. Waitaki catchment water storage was at 71% of the historical average, and Waiau catchment storage was at 56%.
Sales and Customer Metrics
Retail sales volumes in March 2025 were 3.1% lower than March 2024. Customer numbers increased by 5.8% compared to the same period last year. Sales grew across all segments except agriculture, which saw a 40.8% decline.
Generation and Prices
Q3 saw Meridian’s generation decline by 5.1% year-to-date, despite higher wind generation. The average price received for generation in March 2025 was 47.3% higher than the previous year, while the price paid to supply customers rose by 45.6%.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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