Meridian's $3.5 billion 'super profits'

Meridian's $3.5 billion 'super profits'
Major electricity users say Meridian has been using its dams to make excessive returns. (Image: supplied)
Ian Llewellyn
Meridian Energy made $3.5 billion in excess economic profits over the last 20 years with the majority of that coming since 2016, a study claims.The Major Electricity Users Group (MEUG) commissioned the work and released it today ahead of Meridian releasing its financial year results tomorrow.However, Meridian reacted strongly to the claim saying the study was flawed and brought into question the MEUG’s credibility.The report comes as smaller electricity retailers continue their calls for the government to break up the large generator/reta...

More Economy

Why this Australian investor likes NZ-listed companies
Economy

Why this Australian investor likes NZ-listed companies

Fund manager believes in NZ's economic recovery, putting money behind it.

Manawa deal sparks talk about Infratil's plans
Economy

Manawa deal sparks talk about Infratil's plans

Analysts expect a sale of its WLG Airport stake. Former executives aren't convinced.

It’s not the debt that’ll sink us
Economy Opinion

Dileepa Fonseka: It’s not the debt that’ll sink us

A surplus won’t fix ageing, underinvestment, or stalled reform.

Westpac adds another rate cut to its forecasts
Economy

Westpac adds another rate cut to its forecasts

Westpac Bank now expects the official cash rate (OCR) to trough at 3% and has pushed back the timing of its forecast tightening cycle.“Downside risks from global growth suggest the RBNZ [Reserve Bank of New Zealand] may continue easing beyond May,” chief economist Kelly Eckhold s...

Rebecca Howard 09 May 2025