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


KidsCan supports Meridian Energy decision

KidsCan supports Meridian Energy decision to scrap prompt payment discounts

KidsCan Founder and CEO Julie Chapman says she is pleased Meridian Energy have made the decision to scrap their prompt payment discounts saying they disadvantaged our most vulnerable families.

Meridian Energy today announced they will replace the unfair prompt payment discounts with a monthly credit of equal value to all customers from the beginning of next month.

“We know that material hardship is making day to day living challenging for a lot of families so I’m over the moon that Meridian Energy is taking steps to do something about the prompt payment discounts,” Mrs Chapman says.

“Having a home with electricity is one of the necessities of life here in New Zealand, so to alleviate the pressure on people who can’t always pay on time is a step in the right direction.

“Making ends meet is a struggle at the best of times for low income families and what they would have paid in penalties can now go towards other basics like food and clothing,” she says.

The move is expected to cost the energy retailer millions, however Chapman says the move is the right thing to do in the current climate.

“We know poverty is real in New Zealand and while middle-high income families don’t give a second thought to paying their power bill on time, there are hundreds of thousands of low-income families who find themselves in deficit each month,” she says.

Chapman’s comments echo the sentiments of Meridian’s Chief Executive Neal Barclay who stated earlier today that ‘the government’s Electricity Price Review found that vulnerable households were disproportionately affected’ by prompt payment discounts.

Mr Barclay said that many NZ households face energy hardship and the industry needs to do more to support those customers. Meridian Energy have been partnering with KidsCan for more than six years, and in that time the company and their staff have raised over $1.4million for the children’s charity.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Trees: Surge Funding For Kauri Dieback And Myrtle Rust Research

“The $13.75 million investment announced today will mean that scientists can begin critically important research into kauri dieback and myrtle rust. It is vital that we get this work underway now to ensure that we combat these two pathogens and protect these taonga species." More>>


In Time For The Cup: Spark Sets 5G Date, Without Any Spectrum

Spark chief executive Simon Moutter has a big hairy audacious goal, to get the company's 5G mobile network up and running by July 2020 ... More>>


Mesh Mess: Commerce Commission To Appeal Steel & Tube Sentence

The Commission has today filed an appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products. More>>

"Bipartisan Inaction": Rapid Rent Increases

The median nationwide rent has gone up $20 a week over the past two month, a rapid increase that is part of an upward trend overseen by both Labour and National Governments... More>>