Sales up but prices down in first half for Meridian Energy

Wed, 22 Jan 2014

Jan. 23 (BusinessDesk) – Meridian Energy sold more electricity in the first six months of the current financial year than in the previous year, but prices achieved were significantly lower, despite what the company says are signs that growth in demand emerging after a long period of weakness. In its monthly operating report for December, the government-controlled power company, whose instalment receipts covering 49 percent of the company’s shares listed on the NZX on Oct. 29, Meridian shows higher than average hydro lake storage levels contri...

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