Meridian says it's ready for smelter decision – should it stay, or should it go

Meridian says it's ready for smelter decision – should it stay, or should it go
Uncertainty about the Tiwai smelter's future continues to hang over the electricity sector. (Image: Getty)
Ian Llewellyn
Meridian Energy says it is ready for a future with or without the Tiwai Point aluminium smelter, but is hoping the long-running negotiations will bring certainty one way or the other, reasonably soon.On Tuesday, the company reported a 10% increase in operating earnings for the year to June 30, reflecting higher generation volumes and high wholesale electricity prices during the year. Earnings before interest, tax, depreciation, amortisation and adjustments for changes in the value of financial instruments (Ebitdaf) was $783 million for the...

More Energy

Lodestone moves into retail market
Editor's Picks

Lodestone moves into retail market

The move is aimed at commercial and industrial customers for now.

Ian Llewellyn 17 Apr 2025
Mercury Energy downgrades earnings guidance on dry weather
Markets

Mercury Energy downgrades earnings guidance on dry weather

Ebitdaf guidance for the 2025 year is down $60 million.

Staff reporters 16 Apr 2025
NZ at the forefront of fusion energy innovation
Opinion

Tina Schirr: NZ at the forefront of fusion energy innovation

NZ has the potential to play a significant role in fusion energy.

Tina Schirr 14 Apr 2025
Winners and losers in electricity tariff changes
Energy

Winners and losers in electricity tariff changes

45% are better off, 15% are neutral and the rest are worse off.

Ian Llewellyn 09 Apr 2025