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


Metrix to exit metering contract with Trustpower

3 July 2015

Metrix to exit metering contract with Trustpower

Mighty River Power’s metering business Metrix confirmed today that it will exit the contract entered into with Trustpower in July 2014, to provide metering services.

Metrix Chief Executive Matthew Olde said following a review of systems development to date and on-going requirements, it was decided that the best option was not to proceed with the contract.

“While it is very disappointing to end the agreement prior to commencing services, it has recently become clear that continuing could potentially impact Metrix’s core business in the short-term, and the contract was not sustainable over the long-term. The evolving and unforeseen complexities involved in the systems development and integration and associated delays have been key in reaching this decision.”

Mr Olde said the key short-term focus of Metrix will be to continue with investment to support its more than 20 energy retailers and distribution customers to provide services to electricity consumers.

The capital expenditure that was previously allocated to the Trustpower meter deployment will be considered within Mighty River Power’s on-going capital management.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Westpac: More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued

The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 lockdown in 2020. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise in the index has largely been driven by perceptions... More>>

Statistics: Card Spending Continues To Increase As COVID-19 Restrictions Ease

The busy Christmas period combined with easing COVID-19 restrictions helped to increase card spending in December 2021, Stats NZ said today... More>>

Westpac NZ: Warns About Sophisticated New Scam
Westpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus.
The prospectus is formatted to resemble a Westpac document and includes professional-looking imagery... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>

Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>

Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>