Powershop is backed by Meridian Energy, Australasia's largest 100% renewable energy generator. It is a modern power company that's designed to empower its customers with online tools and apps and save them money in the process.
Meridian is a multi-billion dollar company listed on the ASX and NZX. It owns and operates nine wind farms and seven hydro stations across Australia and New Zealand, and currently serves a combined 350,000 customers. It is 51% owned by the New Zealand government. Meridian owns and operates two wind farms in Australia, including the 64-turbine Mt Mercer wind farm just outside of Ballarat and the Mt Millar wind farm in South Australia. In combination, these wind farms generate enough electricity to power more than 100,000 households a year.
Powershop is Meridian's online energy retailer and the first power company in the Australian market to allow households and small businesses to see how much power they are using, what it costs before they pay for it, and to pay for it how and when they want to. It already has over 78,000 customers across Victoria, New South Wales and South East Queensland.