Meridian Energy Ltd

NZX:MEL

Meridian Energy is a New Zealand electricity company that generates power and sells it to homes and businesses. It owns and runs hydro, wind, and solar assets, then uses that electricity to supply retail customers under the Meridian and Powershop brands. The company also sells electricity into the wholesale market, which helps balance supply and demand across the grid. Its main customers are household power users, small and large businesses, and other electricity buyers in New Zealand. Meridian earns money from selling electricity through retail contracts, from wholesale electricity sales, and from related energy services. Because it controls both generation and retail supply, it sits in the middle of the electricity value chain rather than depending only on one side of the market. What makes Meridian’s business model different is that most of its supply comes from renewable sources, especially water and wind. That gives it a role as a long-term power producer with relatively predictable assets, while also exposing it to weather, water levels, and electricity market prices. For investors, it is best thought of as a utility-like business that turns renewable generation into household and commercial energy sales.