Meridian Energy (ASX:MEZ, NZE:MEL) retail sales volumes fell 6.7% year on year to 787 gigawatt hours in January, according to a Friday filing with the Australian and New Zealand bourses.
By segment, sales were up 3.2% in residential, 4.9% in corporate, and 2.7% in large business. Agricultural sales plunged almost 37%, while small and medium business sales were down 0.9%, the filing said.
National electricity demand fell 5.7%. National hydro storage decreased to 91% from 114% of the historical average. Total inflows for January reached 43% of the historical average.
Price (AUD): $5.39, Change: $-0.010, Percent Change: -0.19%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.