Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Metrix partnership with Trustpower supports growth plans

Metrix partnership with Trustpower supports growth plans

Metrix has today confirmed that it has completed commercial negotiations with Trustpower for a long-term service contract, including the deployment of smart meters to Trustpower’s 225,000 residential customers, starting during 2015.

Metrix Chief Executive, Matthew Olde, said the partnership with Trustpower confirms Metrix as a leader in electricity metering services, an area offering significant growth opportunities and providing innovative solutions for both retailers and customers.

Mr Olde said the partnership with Trustpower reflects progress in Metrix’s growth plans in partnering with electricity retailers to provide them with enhanced information solutions.

“Metrix is an established leader in this exciting space, where retailers are increasingly seeking to provide greater visibility of their customers’ electricity use, and to offer services made possible with smart meters, such as online electricity monitoring tools.

“More than 50% of New Zealand’s homes and businesses now have smart meters, and Metrix’s partnership with Trustpower and other retailers means an additional 13% of the market will receive smart meters provided by Metrix.”

The partnership will involve capital expenditure of $100 million from Mighty River Power over a three year period, with $20- $25 million in FY15, ramping up to $40 million in FY16, with revenues growing progressively through the deployment. This level of investment in the growth of Metrix is more than double the previous annual rate, Mr Olde said.

Over the past five years Metrix has built its AMI smart metering business to more than 340,000 installations through capital investment of more than $100 million, making it New Zealand’s second-largest provider of electricity metering services, providing services to 14 different companies. The partnership with Trustpower, and other committed AMI deployment contracts, will increase Metrix’s installations to almost 600,000 nationally by the end of 2017.

Mr Olde said Metrix is looking forward to building a long-term relationship with Trustpower, and the first step as part of that is to work closely with Trustpower to establish robust end-to-end processes, systems and integration to support Metrix’s service offering and Trustpower’s customer offering.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Season Ends: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news