Meridian and NZAS contracts unconditional

Meridian Energy confirms that all conditions precedent in the recently-announced contracts with New Zealand Aluminium Smelter (NZAS) have now been satisfied or waived. These contracts will take effect on 3 July 2024.

The existing agreements between Meridian and NZAS - the current electricity agreement, 2023/2024 demand response agreement and peak demand response agreement - terminate immediately prior to the new contracts taking effect.

In relation to the 50MW demand response call made under the 2023/2024 demand response agreement announced by Meridian on 6 June 2024, the parties have also signed an amendment letter which provides terms on which that demand response call will continue under the new demand response agreement. This means from 3 July 2024 to 20 August 2024, notional quantity under the new core agreement will reduce by 18.75 MWh per half hour, unless Meridian advises NZAS otherwise.

A copy of the new long-term electricity contract, the demand response agreement, the amendment letter and the other related contracts signed by Meridian and NZAS are available at https://www.meridianenergy.co.nz/about-us/investors/reports/nzas-contract.

• Meridian and NZAS contracts unconditional

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report