Business

Meridian axes “unjustifiable” discounts

Meridian Energy has axed "unjustifiable" prompt payment discounts, effectively cutting its power prices to all customers by the 10-to-16 percent discount it has traditionally offered to those who pay their electricity bills on time.

The move gives Meridian the moral high ground after Tuesday's initial report from the government's electricity review panel criticised the widespread use of the discounts, which re

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