Meridian Energy Limited (MEZ.AX) reported higher retail sales volumes in May 2026, supported by growth across all customer segments.
Retail sales volumes increased 7.8% from May 2025. Residential sales rose 20.4%, while sales to small and medium businesses increased 6.7%, large businesses 8.3%, agriculture 9.7% and corporate customers 1.2%.
Meridian said total inflows during May were 82% of the historical average. Financial year-to-date inflows were 118% of the historical average, the highest level for the corresponding period since 1998.
National electricity demand in May increased 1.7% from a year earlier.
National hydro storage increased to 125% of the historical average by June 8, from 119% a month earlier.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.