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Meridian Energy Faces Hydro Storage Decline Amid Dry January
7:31am on Friday 14th of February, 2025 AEDT
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Energy
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Meridian Energy Faces Hydro Storage Decline Amid Dry January
7:31am on Friday 14th of February, 2025 AEDT
Key Points
National hydro storage fell from 114% to 91% of historical average by early February
January 2025 inflows were just 43% of historical averages, with Waiau catchment inflows at 27%
Retail sales volumes declined 6.7% year-on-year despite growth in residential, large business, and corporate segments
National electricity demand dropped 5.7% compared to January 2024
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