Why Is Meridian Energy Thriving Despite Wholesale Prices Near Zero?

• Hydro storage remains well above historical averages, with Waitaki catchment at 119%
• Generation volumes up 14.5% year-on-year, driven by hydro and wind
• Wholesale electricity prices collapsed to just over $1/MWh in January
• Retail sales volumes increased 2.9%, led by a 27.4% rise in residential segment