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


Wise Prepay third new member for ERANZ in recent weeks

1 August 2017

Wise Prepay third new member for ERANZ in recent weeks

Prepay electricity retailer Wise Prepay Energy has joined the Electricity Retailers Association of NZ (ERANZ) – the third new member in recent weeks.

Wise Prepay follows spot-price retailer Flick Electric Co, which joined in June, and electric vehicle charging infrastructure provider ChargeNet NZ, which joined in July. The addition of Flick took ERANZ’s representation of electricity retailers by market share to 99.5 per cent.

Wise Prepay, which had 2115 customers at the end of May, is one of just three retailers that offer prepay power to its customers, promoting their service as no deposit, no credit check, no contract and no break fee. Customers using prepay avoid monthly bill shock, get electricity on their terms to fit in with their budgeting, and top up when it’s convenient for them.

Other retailers to offer prepay are Mercury subsidiary GLOBUG, which offers only prepay, while Contact Energy offers it as an option alongside regular contract plans. Genesis has a small prepay customer base, but is no longer taking new customers.

According to the Electricity Authority’s 2016 review of the electricity market, there were a total of 43,560 pre-pay connections across New Zealand in 2015.

Wise Prepay is based in Auckland and its offering is available there as well as in Waikato, Rotorua, Taupo, Napier and Hastings. It entered the market in 2015 and is run by Kruger Venter, who has previously owned companies with afocus on ‘credit solution’.

Wise Prepay gathers information from customers’ smart meters to manage its service, sending usage, balance information and account status on a daily basis to customers via its website, mobile app, texts, and email messages. Customers can top up their accounts by using the mobile app, website or top-up cards.

Mr Venter says he joined ERANZ because it promotes an open and competitive retail electricity market.

“We wanted also to gain access to the thought-leadership and networking opportunities available to ERANZ members.”

ERANZ Chief Executive Jenny Cameron says she is encouraged that ERANZ appeals to retailers of the size and type of Wise Prepay.

“ERANZ provides an opportunity for all retailers to learn, network, and build on experiences in order to deliver best-practice service for customers.”

ERANZ Independent Chair Jennie Langley says it’s great that ERANZ’s hard work as a voice for both retailers and consumers is being recognised across the industry.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>


Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Retail: Supermarkets Announced As Government’s Second Market Study

The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries. More>>


Statistics New Zealand: Retail Sales Recover In The September 2020 Quarter

Retail sales values recorded the largest September quarter rise since the series began in 1995, Stats NZ said today. Spending on major household items, vehicles, and groceries contributed to the strong 7.4 percent ($1.8 billion) rise in total ... More>>

Kea Aerospace: New Zealand Flies Into The Stratosphere

Development has started on a solar-powered, unmanned aircraft that can fly in the stratosphere continuously for months at a time. The zero-emission aircraft will carry a suite of imagery equipment that will be game-changing for many industries, vastly ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>