1. Powering today for tomorrow
MERIDIAN ENERGY LIMITED FMANZ Summit, May 2017

2. Powering today for tomorrow Mark Binns – Chief Executive
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3. MERIDIAN ENERGY LIMITED FMANZ Summit, May 2017
Overview
A brief overview of Meridian
The big industry questions
Looking forward
Sustainability
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4. A brief overview of Meridian Energy
30-34% New Zealand generation market share
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5. MERIDIAN ENERGY LIMITED FMANZ Summit, May 2017
Our Customers
Meridian is a B2B retailer – we understand you
Account managers key to adding value
Year 3 of 4 year investment programme – building tools to help make things easier for your business
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6. Wholesale price can be volatile
Current hydro storage
Seasonal demand levels
Transmission and distribution capacity
Longer term demand changes
Plant availability and retirement
Timing of new generation
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7. A quick look over the ditch
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8. Solar – costs continue to fall
Headlines from offshore
Utility scale solar cost reductions are dramatic (20% YoY)
Residential and Commercial cost reductions are relatively more moderate (5% YoY)
Implications for Meridian
Utility scale projects, while competitive in Australia, still lag wind and geothermal options in NZ
Residential solar paybacks remain unattractive in NZ (without subsidies or niche load profiles)
Commercial solar is an opportunity under consideration
Residential PV (6.5kW)
Commercial PV (200kW)
Utility scale PV (1MW)
Source: US Department of Energy data
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9. MERIDIAN ENERGY LIMITED FMANZ Summit, May 2017
Electricity load / Solar power (kW)
Daily profile (00:00-24:00)
Commercial Solar
Commercial electricity load profiles far more suitable for solar versus Residential, ability to install medium sized systems (50-200kW) with minimal export
Commercial business owners have longer investment horizons – willing to invest in assets that provide returns over years
Commercial businesses focussed on sustainability and “doing their bit” for the environment – increasing uptake of environmental performance certification programmes i.e. carboNZero
As a leading B2B retailer, Meridian is considering how we assist commercial customers achieve the benefits of roof-top solar in a cost-effective & simple way.
MERIDIAN ENERGY LIMITED FMANZ Summit, May 2017
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10. Sustainability is in our DNA
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11. EV landscape in New Zealand
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12. MERIDIAN ENERGY LIMITED FMANZ Summit, May 2017
Questions?
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