Meridian Energy (ASX:MEZ) has seen a 8.6 per cent rise in its retail sales volumes in August, compared to the prior corresponding period.
Despite the rise, the NZ electricity retailer and generator says it was third warmest August on record and national demand fell from the prior month.
Meantime, in the month to September its national hydro storage increased from 67 to 87 per cent of its historical average.
In more good news for the company its Meridian Waiau catchment rose to above average.
Shares in Meridian Energy (ASX:MEZ) closed over 0.7 per cent lower yesterday at $2.67.