Meridian Energy Limited (MDDNF) has released an update.
Meridian Energy Limited reports decreased national hydro storage and lower electricity demand in June 2024, with significant variances in inflow and storage levels compared to historical averages and last year’s figures. The company experienced a drop in retail sales volumes and an increase in operating costs and capital expenditure for the fourth quarter (Q4). However, customer numbers have grown and overall retail sales volumes edged up slightly at notably higher average prices.
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