Meridian Energy Ltd - Company Profile
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Business Description
Meridian Energy Ltd (Meridian Energy) generates, trades and sells electricity. The company generates electricity through its portfolio of hydro power plants and wind farms in New Zealand. It supplies electricity to homes, businesses and farms; and sells electricity in wholesale markets. Meridian Energy conducts business activities through two operating segments, namely, New Zealand Wholesale and New Zealand Retail. At end of FY2022, the company supplied electricity to 363,335 customers in New Zealand. In FY2023, the company incurred a capital expenditure of NZD329 million which grew 91.3% YoY.
Business Segments
Overview
Offers retailing of electricity and complementary products through two brands, Meridian and Powershop in New Zealand. Sells electricity to residential, business and industrial customers of fixed price variable volume contracts. It also offers electricity to businesses and industrial customers on spot agreements, at wholesale spot market prices.
Performance
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Overview
Includes income from generation of electricity and sale of electricity into wholesale market.
Performance
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Geographical Segments
Performance
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Performance
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