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

 

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

March 2017: Commerce Commission Delays Decision On Fairfax-NZME

The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

ALSO:

Plan Plan: Permanent Independent Hearings Panel Proposed For Planning

The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More>>

ALSO:

Statistics: NZ Jobless Rate Falls To 5.1% Under New Methodology

New Zealand's unemployment rate fell more than expected in the second quarter as Statistics New Zealand adopted a new way of measuring the labour market to bring the country in line with international practices, and while a growing economy continued to support jobs growth. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news