16 January 2012

Pulse Utilities Reaches 30,000 Customers

Pulse Utilities New Zealand Limited is pleased to announce it is supplying electricity to over 30,000 customers across New Zealand by providing Kiwis with a fair deal on their power bill.

Pulse Utilities Chief Executive Officer, Dene Biddlecombe, is confident that Just Energy will continue gaining customers throughout 2012. He says that “Analysis by international Expert Professor Frank Wolak has indicated that previous strong financial performances by Meridian Energy, Contact Energy, Genesis Energy and Mighty River Power were due to soft regulation by Government which did not sufficiently restrain the companies’ market power”. However, the wholesale market will be more accessible to small independent players like Pulse when changes to the electricity market set out by former Minister of Energy and Resources Gerry Brownlee begin in earnest later this year.

In mid 2010, Pulse launched Just Energy which offers a fair deal and real value to everyday New Zealanders. Just Energy’s development was in response to market feedback and reinforced the company’s’ strategy of bringing increased competition to the electricity market. Pulse Utilities believes that the number one concern for most customers is lower prices and the Just Energy brand continues to grow strongly with its fair deal and real value offering.

Pulse Utilities is listed on the New Zealand Stock Exchange. It is majority owned by a South Island electricity network Company Buller Electricity and is the fastest growing independent electricity retailer in the country.

About Pulse Utilities New Zealand:
Pulse Utilities New Zealand Limited is the parent company of ‘no frills’ electricity retailer Just Energy; independent electricity retailer and smart meter specialist, Pulse Energy; and specialist metering company, Pulse Metering Limited. Pulse Utilities New Zealand was listed on the New Zealand Stock Exchange – on the NZAX Board in November 2007.

About Just Energy:
Just Energy specialises in bringing competitive energy pricing to the New Zealand marketplace. Launched in July 2010, it is now one of the country’s fastest growing energy retailers. Just Energy customers enjoy the benefits of a fair deal and real value at their best possible local price.
www.justenergy.co.nz

About Pulse Energy:
Pulse Energy’s time-of-use metering system provides customers with the knowledge to shift their energy usage to more cost effectively and environmentally friendly times. Its metering systems are used by a range of customers including multi-tenanted apartments and office blocks, small businesses and residential homes.
www.pulseenergy.co.nz

About Pulse Metering:
Pulse Metering is a standalone meter and time-of-use meter data management company. It provides independent, specialist metering services to a growing number of electricity retailers and market participants.

ENDS

BUDGET 2012:
Parliament Debate Live - Video Of Budget 2011
Keith Ng Interactive Graphic: How the Budget Breaks Down
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