Late generation rebound, Australia help lift Meridian earnings

Tue, 21 Aug 2018

By Gavin Evans Aug. 22 (BusinessDesk) - A strong generation rebound in the June quarter and improved retail earnings here, in Australia and in the UK, saw Meridian Energy report a modest rise in full-year earnings. The company, New Zealand’s biggest power generator, benefitted by adding about 1,400 new customers across both its Meridian and Powershop brands in the local market during the past year while using technology to reduce cost-to-serve by $15 per customer. Retail volumes rose 5 percent, reflecting higher irrigation, corporate a...

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