The Meridian Energy Ltd (ASX: MEZ) share price is in focus today after the company released its August 2025 monthly operating report, highlighting a 12.8% rise in retail sales volumes and a strong 22.1% increase in total generation compared to August last year.
What did Meridian Energy report?
- Retail sales volumes in August 2025 rose 12.8% year-on-year.
- Total electricity generation was 1,179 GWh, up 22.1% from August 2024.
- Residential segment sales climbed 35.3% and large business sales increased 14.6%.
- National hydro storage dropped from 87% to 79% of the historical average over the month.
- Meridian's average generation price in August was $176.6/MWh, 63.6% lower than August last year.
- Total New Zealand customer connections reached 450,317, up 21% from the prior year.
What else do investors need to know?
August was a notably dry and cool month across New Zealand, with below-average rainfall and temperatures impacting inflows into storage catchments. Meridian's hydro storage in the Waitaki catchment ended the month at just 65% of the historical average, while inflows were only 73% of normal levels.
Despite tighter water conditions, national electricity demand in August climbed 5.9% from a year ago, driven by strong consumption across all customer segments. Meridian's retail connection numbers jumped 9.6% month on month, boosted by higher residential uptake including Flick Electric customers.
What's next for Meridian Energy?
Meridian is closely monitoring hydro storage levels and inflows as dry conditions persist. The company remains focused on meeting customer demand and maintaining supply reliability, especially given ongoing variability in national storage. Weekly updates on lake storage are available to help keep stakeholders informed.
Looking ahead, with electricity demand remaining strong and retail growth tracking well, Meridian will keep prioritising its operational performance and customer experience. Efficiency and adaptability will continue to guide its responses to changing weather and market dynamics.
Meridian Energy share price snapshot
Over the past 12 months, Meridian Energy shares are down 10%, significantly trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 10% over the same timeframe.
