2021 Investor Presentation
Meridian's NZ transmission costs
$M
Meridian actual
116
Meridian actual
120
100
82
80
60
40
20
0
FY20 actual
FY21 actual
New Zealand policy and regulation
Transmission Pricing Methodology (TPM)
EA published final TPM guidelines in June 2020
Replaces current HVDC and RCPD charges with
benefit-based and residual charges
Transpower released its proposed new TPM in August
2021
EA currently consulting on the full proposed TPM
With the aim for a new TPM to take effect for
prices from 1 April 2023
Trustpower's judicial review was heard in the High
Court in October 2021, decision has been reserved
140
Meridian.
Transpower
estimate
assuming 1 April 2023
implementation
67
new TPM
(FY24)
Source: Meridian, Transpower
NOVEMBER 2021
2021 INVESTOR PRESENTATION
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