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Meridian Energy Retail Contracted Sales Volumes Rise in April

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Meridian Energy's (ASX:MEZ, NZE:MEL) retail contracted sales volumes rose to 799 gigawatt hours (GWh) in April from 738 GWh a year earlier, according to a Friday filing with the New Zealand bourse.

Compared with the prior corresponding period, residential sales soared 25%, large business sales rose past 11%, small medium business sales increased 9.2%, and agriculture and corporate sales rose 6.1% and 0.8%, respectively.

National electricity demand in April was 3.7% higher compared with the year earlier. In the month to May 11, national hydro storage increased to 119% from 106% of the historical average, per the filing.

Total inflows for April reached 98% of the historical average.

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