Meridian to pay $70m for Z Energy's Flick

Meridian to pay $70m for Z Energy's Flick
Flick claimed to have NZ's fairest power deal (Image: Flick)
Ian Llewellyn
Meridian Energy is paying $70 million for Z Energy’s electricity retail business – Flick Electric.In statement to the NZX, Meridian said the divestment by Ampol, Z's Australian parent, was about strategic fit as Z evolves its strategy to focus on public, business and home EV charging.Under the agreement, Meridian will take on all Flick and Z Energy-branded electricity customers, the existing Flick hedge book and the Flick brand.The agreement follows Meridian's selection as the preferred party in an open Expression of Interes...

More Energy

Genesis expands solar pipeline with new Waikato project
News in Brief

Genesis expands solar pipeline with new Waikato project

Genesis Energy has announced plans to acquire and develop a solar farm in Waikato from PGP, an international solar farm developer.The consented site is at Rangiriri, between Auckland and Transpower’s planned new substation at Glen Murray and close to Genesis’ 200-megawatt-hour (M...

Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kominik resigns from Electricity Authority, will start review
News in Brief

Kominik resigns from Electricity Authority, will start review

Electricity Authority chair Anna Kominik has announced her resignation but will stay in the job until her successor is found.Energy Minister Simon Watts said Kominik will also start a board-led organisational review of the authority.The announcement follows the Government's r...

Ian Llewellyn 22 Oct 2025
Bioenergy policy points to obstacles to reach scale
Primary Sector

Bioenergy policy points to obstacles to reach scale

Wood energy could replace around 40% of fossil-fuelled process heat by 2050.

Ian Llewellyn 22 Oct 2025