Meridian says it doesn’t want to tank retail prices.
Trading conditions in New Zealand were relatively flat during the half-year.
Earnings before interest, tax, depreciation, amortisation and movements in the value of financial instruments came in at $352 million
Finance Minister Steven Joyce appeared before his first select committee in that role to be confronted with former staff member, the list MP Chris Bishop.
Electricity companies are mostly expected to report better results in trying conditions.
The electricity generator-retailer has 62 wind turbines at its West Wind farm, and 26 turbines at its Mill Creek farm
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