Meridian cites ‘uncertainty and noise’ as sector awaits Govt move
CEO Mike Roan says gas is the problem so electricity market intervention not necessary.
Meridian Energy chief executive Mike Roan.
Tim Hunter
Wed, 27 Aug 2025
Hot Topic
Earnings
Key points
- Revenue: $4.835b, -0.4%
- Net profit/loss: Loss of $452m, (down from a profit of $429m in 2024)
- Key takeaway: Low hydro conditions, low wind and high gas costs drive loss.
Meridian chief executive Mike Roan is urging the Government to minimise any intervention in the electricity market as the industry awaits its response to a report by consultancy Frontier Economics.
Presenting the hydro electricity generator and retailer’s latest results on a conference call this
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Tim Hunter
Wed, 27 Aug 2025
Contact the Writer: thunter@nbr.co.nz
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Key points
- Revenue: $4.835b, -0.4%
- Net profit/loss: Loss of $452m, (down from a profit of $429m in 2024)
- Key takeaway: Low hydro conditions, low wind and high gas costs drive loss.
Company profile
Related News
Meridian cites ‘uncertainty and noise’ as sector awaits Govt move
Energy,Investment,
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