MEZs monthly operational report for August 2023 reveals significant insights

Meridian Energy Limited's (ASX: MEZ) monthly operational report for August 2023, several noteworthy observations come to light. By September 11, 2023, the national hydro storage level had experienced a significant decline, plummeting from 106% to 83% of its historical average. Specifically, the South Island's storage decreased to 87% of the average, while the North Island's storage dwindled to a mere 68% of the historical average.

In the context of Meridian's performance, the total inflows for August 2023 amounted to 84% of the historical average. Particularly notable were the Waiau catchment inflows, which surpassed expectations at 102% of the historical average. The Waitaki catchment's water storage at the end of August 2023 remained relatively robust at 107% of the historical average, although snow storage in this catchment measured at only 90% of the average in early September.

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