Meridian Energy Limited (MEZ.AX) reported higher retail sales volumes, improved customer demand, and rising hydro storage supported by sizeable inflows in April.
Meridian's retail sales volumes increased 8.2% year-on-year, driven by broad-based growth across segments: residential up 25%, small and medium business rose 9.2%, large business increased 11.4%, agriculture grew 6.1%, and corporate up 0.8%.
National hydro storage rose to 119% of the historical average as of 11 May 2026, up from 106% in the prior month.
Meridian's April 2026 inflows were 98% of the historical average. For the financial year to date, total inflows reached 121% of average, marking the eighth-highest annual inflow on record.
National electricity demand in April 2026 increased 3.7% year-on-year, or 2.6% excluding New Zealand Aluminium Smelters Ltd (NZAS).
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.