WELLINGTON (dpa-AFX) - 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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