tiprankstipranks
Meridian Energy Sees Surge in Hydro Storage
Company Announcements

Meridian Energy Sees Surge in Hydro Storage

Meridian Energy Limited (MDDNF) has released an update.

Don't Miss our Black Friday Offers:

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.

Related Articles
TipRanks Australian Auto-Generated NewsdeskMeridian Energy Boosts Shares Under Incentive Scheme
TipRanks Australian Auto-Generated NewsdeskMeridian Energy Sees Boost in Hydro Storage Levels
TipRanks Australian Auto-Generated NewsdeskMeridian Energy Aligns Interests with New Incentive Scheme
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App