Meridian Energy Limited (MDDNF) has released an update.
Meridian Energy Limited’s operating report for May 2024 reveals a challenging month with national hydro storage levels significant decrease to 72% of the historical average, reflecting a particularly cold and dry May, New Zealand’s coldest in 15 years. Despite these conditions, the company saw an increase in electricity demand by 6.2% compared to the previous year and reported an uptick in retail sales volumes across various sectors.
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