Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Energyclubnz Exits Market, Customers Switching To Contact

Energy retailer energyclubnz is exiting the New Zealand energy retail market and its 11,600 customers’ energy supply will be switched to Contact Energy (‘Contact’).

energyclubnz has been selling electricity since June 2017 and gas since April 2019. Founder and CEO David Goadby said it was a tough decision to exit the market. "We've had a great three years and I'm very proud of what we've achieved: we’ve been one of the fastest growing energy retailers in New Zealand across the last three years and have seen our revenue go from zero to $20 million in that time. A huge thank you to everyone who has supported us, and to the fantastic team of people who helped make it happen."

He said agreement was easy to reach with Contact. “Since we approached Mike and his team last week, we’ve found them to be customer-focused, fair, straight up and easy to deal with. Contact is the best retailer to look after our customers in terms of service, pricing and stability.”

Contact CEO Mike Fuge said he was pleased too. "David and his team have built a business from scratch in a highly competitive retail market and that is not easy. We're looking forward to welcoming the energyclubnz customers to the Contact family, and we'll be working hard to look after them."

He said there would be no impact on the supply of energy to energyclubnz customers and the switching processes were under way behind the scenes.

The purchase price was not disclosed.

 

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.