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Meridian Annual Report - Meridian Energy

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1<<br />

Innovation<br />

We launched<br />

Right House<br />

We launched Right House during the year to<br />

provide comfortable, healthy and energy efficient<br />

homes by providing a single source for advice and<br />

products. Right House started commercial operations<br />

in Auckland, Wellington and Christchurch<br />

this financial year.<br />

50,000 Smart meters. We reached<br />

the milestone of 50,000 Arc Innovations’ smart meters installed<br />

in Christchurch BY may 2008, well on the way to a final target of<br />

100,000 customer installations.<br />

Queens Wharf – Wellington<br />

We moved into our new five-star Green Star rated building in October<br />

2007. We won two prizes in the Property Council New Zealand Awards<br />

for 2008 – ‘Best Commercial Office Building’ and ‘Best Green Building’.<br />

Challenges<br />

Winter lake levels<br />

We managed a difficult and complex situation – a “perfect storm” of adverse events – during<br />

the autumn and winter of 2008. In addition to the second lowest hydro lake inflows on record,<br />

there were unexpected thermal plant outages and decommissionings in the North Island.<br />

CO 2<br />

Carbonzero certTM status<br />

We extended our carboNZero certTM<br />

certification during the year. Our<br />

certification covers the electricity<br />

we supply to customers and we<br />

are working on achieving carbon<br />

neutral certification for the whole<br />

of the <strong>Meridian</strong> <strong>Energy</strong> Group.

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