Meridian Energy Limited (MDDNF) has released an update.
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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.
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