Meridian Energy national storage hydro rises

Company News

by Jessica Amir

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.

Jessica Amir

Finance News Network
Jessica is the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.