MEL - Meridian Energy

[bull....]

You must be joking, my HLG holding is up 50% at the moment with a 20c fully imputed divvy to come in a few weeks. PS-Thats without adding all the other mega divvies I've had over the last two years.Lol

its the hlg yoyo effect , be waiting for the return yo i will

[couta1]

its the hlg yoyo effect , be waiting for the return yo i will

Me too so I can buy more.

[boysy]

Meridian well placed heading into winter Pukaki looks to be 98% full while across the various catchments MEL appear to be at 95% full. With MEL being long generation any further spike in wholesale prices will feed straight through to the bottom line ...

[Sideshow Bob]

Reads pretty well

https://www.nzx.com/announcements/333224

Highlights this month include:
▪ In the month to 5 April 2019, national hydro storage increased from 81% to 105% of historical average
▪ South Island storage sat at 109% of average and North Island storage at 67% of average on 5 April 2019
▪ Meridian’s March 2019 monthly total inflows were 136% of historical average
▪ Meridian’s Waitaki catchment storage at the end of March 2019 was 107% of historical average
▪ Storage in Meridian’s Waiau catchment was above average at the end of March 2019
▪ National electricity demand in March 2019 was 3.6% higher than the same month last year
▪ Meridian made calls on load under the Genesis Swaption in March and early April 2019
▪ March 2019 was New Zealand’s second equal warmest March on record. It was a dry month for many locations, although extremely heavy rainfall occurred in the western South Island on March 25-27. Drier
than normal soils were present across large parts of the country at the end of March
▪ New Zealand Aluminium Smelter's load during March 2019 was below the contract level of 622MW
▪ Meridian’s retail sales volumes in March 2019 were 21.4% higher than March 2018


Would be getting more inflows now also.

[bull....]

Reads pretty well

https://www.nzx.com/announcements/333224

Highlights this month include:
▪ In the month to 5 April 2019, national hydro storage increased from 81% to 105% of historical average
▪ South Island storage sat at 109% of average and North Island storage at 67% of average on 5 April 2019
▪ Meridian’s March 2019 monthly total inflows were 136% of historical average
▪ Meridian’s Waitaki catchment storage at the end of March 2019 was 107% of historical average
▪ Storage in Meridian’s Waiau catchment was above average at the end of March 2019
▪ National electricity demand in March 2019 was 3.6% higher than the same month last year
▪ Meridian made calls on load under the Genesis Swaption in March and early April 2019
▪ March 2019 was New Zealand’s second equal warmest March on record. It was a dry month for many locations, although extremely heavy rainfall occurred in the western South Island on March 25-27. Drier
than normal soils were present across large parts of the country at the end of March
▪ New Zealand Aluminium Smelter's load during March 2019 was below the contract level of 622MW
▪ Meridian’s retail sales volumes in March 2019 were 21.4% higher than March 2018


Would be getting more inflows now also.

yep
Meridian’s retail sales volumes in March 2019 were 21.4% higher than March 2018 all those air cons going

[Beagle]

Looks very good. MEL are well positioned for peak winter demand. Very interesting how demand for February and March is up so much especially retail demand !!

[sb9]

Divvy in the bank a/c y'day.

[boysy]

Looks like MEL should be the winner of the generators today at least. Interesting comment re GNE swaption in there ann today - I read that to mean MEL are profiting from GNE pain ....

Makes great sense to use swaption when wholesale prices spike as they have.

http://nzx-prod-s7fsd7f98s.s3-websit...407/234377.pdf

[boysy]

https://www.energylink.co.nz/sites/d...y_20190418.pdf

Good storage continues to be held in MEL's catchment - i suspect they will continue to call on the swaption with GNE while they can arbitrage the difference on the cost of the swaption vs current wholesale cost of power. With MEL long generation and the southern hydro catchments near full it could be a very profitable period for MEL while the other generators struggle ......

[bull....]

on fire new highs coming , $5 anyone?