• National hydro storage increased to 119% of average
• Meridian's retail sales volumes up 8.2% vs April 2025
• Generation up 14.2% financial year-to-date

Meridian Energy has released its monthly operating report for April 2026, highlighting several key points. National hydro storage increased from 106% to 119% of historical average during the month, with South Island storage at 109% of average and North Island storage at 201% of average. Meridian's April 2026 monthly total inflows were 98% of historical average, while financial year-to-date inflows are 121% of average, the 8th highest on record. Meridian's Waitaki catchment water storage was 106% of average at the end of April, while the Waiau catchment was at 91% of average. Temperatures were above average across much of New Zealand, with heavy rainfall in the North Island. National electricity demand in April 2026 was 3.7% higher than the same month in 2025, with Meridian's retail sales volumes up 8.2% year-on-year. Compared to April 2025, Meridian saw segment sales volume increases of 25.0% in residential, 9.2% in small-medium business, 11.4% in large business, 6.1% in agriculture, and 0.8% in corporate. Financial year-to-date, Meridian's retail sales volumes are 9.1% higher than the same period last year. The company's generation in April 2026 was 13.5% higher than the same month last year, with financial year-to-date generation 14.2% higher. The average price Meridian received for its generation in April 2026 was 69.8% lower than April 2025, while the average price paid to supply customers was 67.9% lower.