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


TrustPower Wins Telecom Contract

Tauranga based electricity generator and retailer TrustPower has won a major national electricity supply contract with Telecom New Zealand.

The multi-million dollar contract, for one year with a right of renewal, will see TrustPower deliver the energy requirements of 3,700 Telecom sites throughout New Zealand.

Under the terms of the contract TrustPower, in addition to supplying electricity, will deliver a package of added value services including customised billing and reporting, minimisation of transaction and network costs, management of load peaks and troughs to ensure optimum prices, and full cost analysis.

As part of the relationship, the two parties will establish a "Total Cost of Business Review Group", to monitor the performance of the contract and establish a long-term procurement process that will ensure lowest cost electricity prices for Telecom on an ongoing basis.

TrustPower Commercial Sales Manager, Chris O'Hara, says the key to TrustPower's continued success in the highly competitive commercial market has been its ability to add value.

"All too often companies, and for that matter domestic consumers, enter into electricity supply arrangements based purely on what appears on the surface to be a very attractive energy price. We are not and do not intend to become a cut-price cola and peanuts electricity retailer. Our approach has been to be absolutely up front about delivering competitively priced electricity, and provide additional value in other ways through innovation, customer service, and the forming of relationships that can deliver long term benefits to our customers," Mr O'Hara says.

Telecom Supply Manager Clayton Wakefield said TrustPower was selected - after a rigorous process - because the company offered the best price and had the most forward-thinking approach that embraced the new structure of the industry.

"This is the latest major supply agreement Telecom has signed and broadens an earlier supply agreement with another company which involved our top 200 sites."

Mr Wakefield said billing, transacting and monitoring work would all be managed online.

© Scoop Media

Business Headlines | Sci-Tech Headlines


NZTA Finds Failures: Urgent Review Of Compliance Files

Phil Twyford said NZTA was failing in its duty to properly check the companies that certify vehicles as safe for the road, and other services. “When problems with these companies were identified, there was often no follow up. More>>


Outages: Vector Settles With ComCom On Reliability Breaches

Vector has agreed a settlement with the Commerce Commission for breaches of its network quality standards in 2015 and 2016. More>>


Hop For A Better Tomorrow: Programme For Unique NZ Hops And Craft Beer

A new joint craft beer and hop breeding programme launched today aims to develop unique super-premium hops for exceptional craft brewers and uniquely New Zealand craft beer for top tier markets. More>>


Stats: Big Quarterly Lift In Retail Card Spending

Quarterly retail card spending in the September 2018 quarter rose at its fastest pace in seven and a half years, Stats NZ said today. The lift was widespread, led by increased grocery and liquor spending, as well as fuel. More>>


Crown Accounts: Government Books Show Surplus, Falling Net Debt

A strong surplus and falling net debt reflect a growing economy and show the Coalition Government is managing the books responsibly, Finance Minister Grant Robertson says. More>>