Meridian Energy heads for worst earnings result in a decade

Meridian's fortune rises and falls with Lake Pukaki's water levels. (Image: NZME)

Tue, 22 Jul 2025

The pain caused by last winter’s energy shortage means the country’s largest electricity generator, Meridian, will record its worst earnings result in more than a decade, an analysis by Forsyth Barr said.The upcoming reporting of annual financial results for the major electricity generators in August will generally show how badly last winter hit their bottom lines.The common wisdom is that the gentailers benefit when wholesale electricity prices are high.The drop in gas supply and dry weather led to sustained record-high wholesale e...

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