Meridian Energy Sees Surge in Hydro Storage
Company Announcements

Meridian Energy Sees Surge in Hydro Storage

Meridian Energy Limited (MDDNF) has released an update.

Meridian Energy Limited reported a notable increase in hydro storage levels for August 2024, with national levels reaching 99% of the historical average and significant inflows contributing to above-average storage in the South Island. Despite warmer temperatures and higher rainfall, electricity demand was down 6.3% from last year. The company also experienced varied sales volume changes across different customer segments, including growth in agriculture and large business sectors.

For further insights into MDDNF stock, check out TipRanks’ Stock Analysis page.

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