Meridian Energy retail sales volumes up

Company News

by Jessica Ellerm

Meridian Energy (ASX:MEZ) has released its monthly operating report for October, reporting retail sales volumes are up 3.7 per cent compared to the same time last year.

Retail sales volumes for the year to date are also stronger, up 8.6 per cent on the prior corresponding period.

The numbers have been primarily attributed to a strong pick up in corporate sales volumes, with a slight uplift in residential and SMB figures.

National electricity demand for October was also stronger, up 1.2 per cent on last year.

Shares in Meridian Energy (ASX:MEZ) last traded 0.77 per cent lower at $2.57.

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.