Meridian Energy Limited (ASX:MEZ) Releases May 2025 Operating Report
Water Storage and Inflows
In the month to 9 June 2025, national hydro storage increased from 88% to 94% of the historical average. South Island storage reached 88% of average, while North Island storage surged to 138% by 9 June 2025. Total inflows for the month were 106% of the historical average, with Waiau catchment inflows at 123%.
Retail Sales and Customer Metrics
Meridian’s retail sales volumes in May 2025 were 0.7% higher than in May 2024. Customer connections increased by 0.4% during May and by 8.1% since June 2024. Segment sales showed a 4.4% decrease in residential, a 0.2% increase in small-medium business, a 10.5% rise in large business, an 8.1% decline in agriculture, and a 3.8% growth in corporate sales.
Generation and Financials
Generation in May 2025 was 14.2% lower than the same month last year, due to reduced hydro generation and increased wind generation. The average price received for generation was 32.9% lower, while the average price paid to supply customers decreased by 28.7%.
Motley Fool contributor Lauren Surplice 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.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
