Gentailers' profits will be keenly scrutinised

Politics will bring close attention to the major electricity companies' upcoming annual results. (Image: NZME)

Fri, 11 Aug 2023

The major electricity generator/retailers reporting season will be watched carefully for companies’ profit results, not only as an indicator of performance but also for political reasons.The four large gentailers, which dominate the electricity sector, are due to report 2022/23 financial year earnings, with Contact starting on Aug 14, Mercury on Aug 21, Genesis on Aug 24, and Meridian on Aug 29.Last year, some of the major gentailers came in for criticism for making ‘super profits’, leading to calls for a special tax being lev...

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