Meridian Energy June 2026 Operating Report
Key points
- National hydro storage increased to 136% of historical average
- June 2026 retail sales volumes were 6.4% higher than June 2025
- Wholesale prices for 2027-2029 fell by over 35% from April 2026
Full summary
Meridian Energy's June 2026 monthly operating report highlights a rise in national hydro storage to 136% of historical average, driven by increased inflows and favorable conditions. Retail sales volumes were 6.4% higher than June 2025, with notable increases in residential and business segments. Wholesale prices for 2027-2029 dropped by over 35% since April 2026, reflecting new renewable generation. The report also notes the warmest June on record and varied rainfall across New Zealand.
Guidance
2027-2029 quarterly prices declined around 15%
Outlook
Lower prices for commercial customers as their contracts come up for review.
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