Meridian Energy monthly operating report for October 2021

Linked below is Meridian Energy Limited's monthly operating report for the month of october 2021

Monthly operating report - October 2021

Highlights this month include:

• In the month to 11 November 2021, national hydro storage decreased from 134% to 119% of historical average
• South Island storage decreased to 116% of average and North Island storage increased to 130% of average by 11 November 2021
• Meridian’s October 2021 monthly total inflows were 83% of historical average
• Meridian’s Waitaki catchment water storage at the end of October 2021 was 149% of historical average
• Water storage in Meridian’s Waiau catchment was below average at the end of October 2021
• Waitaki snow storage at the end of October 2021 was 119% of historical average
• National electricity demand in October 2021 was 0% lower than the same month last year. More stringent lockdowns were in place this October compared to October 2020
• October 2021 was another mild month with temperatures above average for most of the country. Most South Island regions saw rainfall below average
• New Zealand Aluminium Smelter’s average load during October 2021 was 572MW
• Meridian’s New Zealand retail sales volumes in October 2021 were 2% lower than October 2020
• Compared to October 2020, segment sales increased in residential +16.8%, small medium business +12.4% and corporate +6.5%. Large business volumes were -5.6% lower and agricultural volumes were -33.0% lower than October 2020

ENDS

Neal Barclay
Chief Executive
Meridian Energy Limited