Australia's electricity train wreck has lessons for NZ

Meridian's Mike Roan says the company pulled out of Australia at the right time. (Image: Meridian)

Fri, 17 Jun 2022

The current turmoil in the Australian electricity market justifies Meridian Energy’s decision to sell its assets there and should also serve as a warning to those who want to tinker with the market in New Zealand, Meridian’s chief financial officer Mike Roan said.Speaking to BusinessDesk’s Frances Cook on a Sharesies’ Shared Lunch session, Roan said Meridian had been concerned at developments in Australia for some time and those concerns had manifested themselves dramatically this week.Earlier this week, Australia’...

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