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13/7/2018 — General
Retail trading lift for Meridian

Compared to the same month last year Meridian Energy Ltd (NZX: MEL; ASX: MEZ) saw a 5.4% increase in retail sales volumes.

This was just one point made in the June operational report for the company, released yesterday.

Meridian said that in the nine months to July 9, national hydro storage decreased from 120% to 114% of historical average.

South Island storage sat at 113% of average and North Island storage at 119% of average on July 9.

Meridian said its June total inflows were 64% of historical average.

The Waitaki catchment storage at month end was 113% of historical average, while storage in Meridian’s Waiau catchment was below average at month end. Though there were inflows during the first week of July lifting lake levels.

National electricity demand in June was 3.1% higher than the same month last year and included an ongoing maintenance shutdown at the Marsden Point oil refinery. June saw contrasting rainfall with wet eastern and dry western conditions and temperature variability, including cold conditions near the end of the month.

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