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Meridian Energy Retail Contracted Sales Volumes Rise in July

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Meridian Energy's (ASX:MEZ, NZE:MEL) retail contracted sales volumes rose to 870 gigawatt hours (GWh) in July from 850 GWh a year earlier, according to Friday filings with the New Zealand bourse.

Compared with the prior corresponding period, residential sales soared nearly 14%, large business sales rose 7.4%, small medium business sales increased 3%, agriculture sales rose 1.8%, while corporate sales fell by 7.6%.

National electricity demand in July was 1.9% higher compared with the year earlier. In the month to Aug. 10, national hydro storage decreased to 128% from 136% of the historical average.

Total inflows for July reached 162% of the historical average.

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