$625m Meridian shareholder bonanza
Profits and earning are up at Meridian Energy. And shareholders are in line for a special dividend.
Profits and earning are up at Meridian Energy. And shareholders are in line for a special dividend.
It's been a tough year for Contact Energy, with profits falling 43 per cent. But CEO Dennis Barnes says improvements are expected across all parts of the business next year.
Of the 33 employees based at the site, 26 roles will be disestablished and seven employees will moved within the company.
Contact Energy's decision to close its Otahuhu power station is the latest in an industry-wide move away from gas.
It is not only Southlanders who can breathe a sigh of relief that the Tiwai Pt smelter received a stay of execution this week, writes Brian Fallow.
Genesis Energy announced its last two coal-burning electricity generators at Huntly Power Station will be shut down.
One in five Auckland households switched power companies last year, helping them save an average of $136 in the process.
Most consumers are happy with their power companies, says a Consumer magazine survey , but the bigger the company the less likely they are to be satisfied.
The price of power is helping drive down customer satisfaction with electricity retailers, according to Consumer New Zealand's latest annual survey.
Aucklanders are being warned they could face fines of up to $10,000 and daily penalties for not keeping their trees and other vegetation away from power lines.
Northland electricity lines companies have slammed the Electricity Authority for its proposal to grant an annual increase of nearly $300 in power charges per household.
Mighty River Power has defended its pre-paid energy service Globug, after it was criticised by an unhappy customer in the Otago Daily Times.
Auckland households could face an increase of 4.5 per cent in their power bills under changes the Electricity Authority is considering.
Despite speculation about its future in NZ, Origin Energy says it's committed to its investment in Contact Energy.
Electricity retailer Utilise is entering a "very tough market" with a lot of competition, according to Forsyth Barr analyst Andrew Harvey-Green.
Powerco, the energy lines company, reported a 20 per cent drop in annual profit as it paid more tax.
Around 3,000 Auckland homes are without power tonight as the wet weekend weather kicks in.
If you worry about the power your mobile phone uses when you leave it charging all night, relax.
Taking long showers and leaving the lights on are among the big reasons flatmates argue when it comes to electricity usage, says Canstar Blue in a new survey.
An estimated two-thirds of New Zealand homes do not meet global guidelines for healthy living.
A top US Government official visiting the country has praised New Zealand as a “great model” for other countries working to boost their renewable energy generation.
A massive electrical storm has left some Mt Eden and Balmoral residents and businesses without power this afternoon.
Power companies have successfully pushed back against a move to provide people with more information about why prices go up.
Solid Energy says it is solvent, but only just, and will need a new deal from its bankers to survive.
Wellington company Flick describes itself as "the first retailer to give NZers access to the wholesale price of power direct from the market the big guys buy electricity from".
Tesla Motors' new stationary-storage unit making battery packs will help founder Elon Musk expand beyond electric vehicles.
Expect a little bit of love from your power company this year but they're not betting on it being requited.