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Meridian Energy Retail Contracted Sales Volumes Rise in May

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Meridian Energy's (ASX:MEZ, NZE:MEL) retail contracted sales volumes rose to 860 gigawatt hours (GWh) in May from 798 GWh a year earlier, according to a Monday filing with the New Zealand bourse.

Compared with the prior corresponding period, residential sales soared past 20%, large business sales rose 8.3%, small medium business sales increased 6.7%, and agriculture and corporate sales rose 9.7% and 1.2%, respectively.

National electricity demand in May was 1.7% higher compared with the year earlier. In the month to June 8, national hydro storage increased to 125% from 119% of the historical average, per the filing.

Total inflows for May reached 82% of the historical average.

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