the podcast on
Meridian Energy's denying its purchase of Flick Electric is a takeover by New Zealand's big power companies.
The power gentailer is paying $70 million to Z Energy for Flick's 41,000 electricity customers and the brand.
It'll increase Meridian鈥檚 market share to 18%, maintaining its position as our fourth largest electricity retailer.
Meridian Energy Chief Customer Officer Lisa Hannifan told Ryan Bridge this isn't about market consolidation.
She says Flick wanted to leave the market to focus on transport and EVs, so they're pulling out of New Zealand and Australia.
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