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 a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.