 | |
| Company type | Public |
|---|---|
| NZX: MEL ASX: MEZ | |
| Industry | Electricity generation Electricity retailing |
| Predecessor | Electricity Corporation of New Zealand |
| Founded | 16 December 1998[1] |
| Headquarters | , |
Key people | Neal Barclay, Chief Executive |
| Revenue |  NZ$2,319 million (2017)[2] |
 NZ$653 million (2017)[2] | |
| NZ$197 million (2017)[2] | |
| Total assets | NZ$8,665 million (2017)[2] |
| Total equity | NZ$5,082 million (2017)[2] |
| Owner | New Zealand Government (51.02%, 2016) |
Number of employees | 959 (2017)[2] |
| Subsidiaries | Powershop |
| Website | www |
Meridian Energy Limited is a New Zealand electricity generator and retailer. The company generates the largest proportion of New Zealand's electricity, generating 35 percent of the country's electricity in the year ending December 2014, and is the fourth largest retailer, with 14 percent of market share in terms of customers as of December 2015.[3][4]
Meridian was one of three electricity companies formed from the break-up of the Electricity Corporation of New Zealand (ECNZ) in 1998–99, taking over the Waitaki River and the Manapouri hydro schemes. Originally a state-owned enterprise wholly owned by the New Zealand Government, the company was partially privatised in October 2013 by the Fifth National Government, with the government retaining a 51.02% shareholding.
Today, Meridian operates seven hydroelectric power stations and one wind farm in the South Island of New Zealand, and four wind farms in the North Island.
- ^ "Meridian Energy Limited (938552) – Companies Office". Ministry of Business, Innovation and Employment. Retrieved 7 September 2014.
- ^ a b c d e f "2017 Annual Report". Meridian Energy. 24 August 2017. Retrieved 24 August 2017.
- ^ "Energy in New Zealand". MBIE. August 2015. ISSN 2324-5913. Archived from the original on 15 February 2016. Retrieved 14 March 2016.
- ^ "Market share snapshot". Electricity Authority (New Zealand). Retrieved 20 January 2016.