2021 Investor Day Presentation slide image

2021 Investor Day Presentation

Smelter demand response Manapouri, Clutha, Waitaki, & Waikato Storage Versus Dry Year Trigger (09-May-2021) ■ Under the NZAS contract, Meridian can by notice Smelter Demand Response to NZAS require a Smelter Demand Response (SDR) when the relevant hydro storage is less than the Dry Year Trigger Level ■ If Meridian gives NZAS an SDR notice, NZAS must start to reduce electricity consumption by a date specified by Meridian which must be between 14 and 40 days after NZAS's receipt of Meridian's notice Under an SDR, NZAS must manage its electricity consumption to achieve a reduction in electricity consumption of 250GWh over 130 days 2500 2000 [GWh] With all material reductions in load occurring within 7 days of the date that NZAS is required to start reducing consumption 1500 1000 500 0 2-May-21 3-May-21 4-May-21 5-May-21 6-May-21 7-May-21 8-May-21 9-May-21 10-May-21 11-May-21 12-May-21 13-May-21 14-May-21 15-May-21 16-May-21 17-May-21 18-May-21 19-May-21 20-May-21 21-May-21 22-May-21 23-May-21 28-Apr-21 29-Apr-21 30-Apr-21 1-May-21 27-Apr-21 26-Apr-21 Manapouri, Clutha, Waitaki & Walkato Storage Dry Year Trigger Source: Meridian As at 10 May, relevant hydro storage sat 101GWh above the Dry Year Trigger Level 11 MAY 2021 | 2021 INVESTOR DAY PRESENTATION Meridian. 48
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