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

 

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news