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15 Nov 2018 2:41
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  •   Home > News > Business

    Discounts for prompt payment of power bills could be on the way out

    Discounts for prompt payment of power bills could be on the way out


    Meridian Energy has announced it's getting rid of the discounts, and replacing them with a straight monthly discount for all customers.

    It comes after the Government's power prices review highlighted the incentives were really a penalty for customers with money troubles.

    Meridian's CEO Neal Barclay says it had been looking at the discounts for 18 months, and the review was an incentive for the company to make it public.

    Barclay says it will cost the company five million dollars annually.

    © 2018 Newstalk ZB, NZCity


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