Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Meridian freezes Christchurch power prices for another six m

Meridian freezes Christchurch power prices for another six months

Meridian Energy today announced it would freeze power prices for at least another six months for its 107,000 electricity customers in Christchurch.

Meridian’s residential customers have not had a price increase for almost two years.

Meridian’s Chief Executive Tim Lusk, who is visiting the quake-hit city today, says the company recognises the huge impact the earthquake has had on Christchurch. “The city is a key centre for Meridian both in terms of customers and our 300 Christchurch-based staff. Our thoughts are with everyone here.

“We recognise what a huge challenge this is for Christchurch and for us as a part of this community. So we won’t be raising prices here – our focus is on getting through this next period together,” says Mr Lusk.

Meridian has also extended the due date on all current bills by one month so that customers in Christchurch affected by the earthquake don’t have to worry about paying their electricity bill right now.

Last week, Meridian also made a donation of $500,000 to the New Zealand Red Cross to support the relief effort.

Meridian’s Manchester Street office, which includes its Customer Contact Centre, was severely damaged in the quake and is uninhabitable. The company has already signed a lease for a new building on Moorehouse Avenue for the medium term and is looking into options to rebuild new premises in Christchurch.

“Christchurch is Meridian’s home city and we’re staying here,” says Mr Lusk.

Meridian is urging people worried about paying their bill, who went without power or whose house is uninhabitable to phone 0800 496 496. Regular updates are also being posted to www.meridianenergy.co.nz

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news