Financial Wire

Meridian Energy Retail Contracted Sales Volumes Rise in March

-- Meridian Energy's (ASX:MEZ, NZE:MEL) retail contracted sales volumes rose to 876 gigawatt hours (GWh) in March from 786 GWh a year earlier, according to a Friday filing with the Australian and New Zealand bourses.

Compared with the prior corresponding period, residential sales soared nearly 28%, large business sales rose over 14%, small medium business sales increased 8.2%, and agriculture and corporate sales rose nearly 31% and 1.7%, respectively.

National electricity demand in March was 4.5% higher, compared with the year earlier. In the month to April 13, national hydro storage decreased to 106% from 110% of the historical average, per the filing.

Total inflows for March reached 74% of the historical average.

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