Trustpower Delivers Substantial Lift in Profit

Press Release – TrustPower

Net profit after tax of $82 million, up $37 million or 82% Operating earnings (EBITDAF) of $159 million, up 44% Retail earnings (EBITDAF) of $29 million, up 109% Generation earnings (NZ and Australia) of $134 million, up 21% Underlying … Read more »

Colonial Motor Co cautiously optimistic about 2018

Article – BusinessDesk

Nov. 3 (BusinessDesk) – Colonial Motor Co, which listed on the NZ stock exchange in 1962, is cautious about forecasting in the year ahead despite its strong returns in 2017 and continued demand for new vehicles. Read more »

New documentary series on start of NZ’s electricty industry

Press Release – HMC Communications

New documentary series examines the unique beginnings of New Zealands electricity industry A new documentary series will celebrate the unsung heroes involved in the early stages of New Zealands electricity industry. Read more »

Electricity regulator sees long future for Tiwai Point

Article – BusinessDesk

Nov. 1 (BusinessDesk) – New Zealand’s abundant renewable electricity may be the saviour of the Tiwai Point aluminium smelter, attract energy-intensive industries to New Zealand and eventually see electricity exported across the Tasman Sea to Australia, … Read more »

Planned Power Outage for Waverley & Surrounding Districts

Press Release – Transpower

As owner and operator of the National Grid, Transpower needs to urgently undertake essential maintenance work at the Waverley Substation on Sunday 5 November 2017. This work will ensure a reliable supply of electricity to Waverley and the surrounding … Read more »

Vector Appoints Rod Snodgrass to Chief Customer Officer

Press Release – Vector Limited

Vector has today announced the appointment of Rod Snodgrass to a new executive role of Chief Customer Officer. The new role will be responsible for; developing and delivering the Vector customer experience and go-to-market strategy for new products, expanding … Read more »

Flick partners with Eastland Group in NZ-first energy hub

Press Release – Flick Electric Co

Flick Electric Co. has partnered with shareholder Eastland Group to launch Electric Village, a New Zealand-first, community-focused energy hub in Gisborne Read more »

Electricity retailers welcome Megan Woods as Energy Minister

Press Release – Electricity Retailers’ Association of NZ

The Electricity Retailers Association (ERANZ) congratulates Dr Megan Woods on being appointed Minister of Energy & Resources, and looks forward to working with her and the new Labour-led coalition Government, says Chief Executive Jenny … Read more »

Meridian positive on what new government has flagged to date

Article – BusinessDesk

Oct. 26 (BusinessDesk) – Outgoing Meridian Energy chief executive Mark Binns said there is a lot of detail in the coalition proposals from Prime Minister-designate Jacinda Ardern’s government the company is keen to engage on and overall it is positive … Read more »

Q+A: James Shaw interviewed by Greg Boyed

Press Release – TVNZ

Green Party says Kermadec Ocean Sanctuary plan still on the table Green Party leader James Shaw told TVNZ 1s Q+A programme that the scheme is still on the negotiating table. JAMES Yes, well, its certainly still on the table. Obviously, theres … Read more »

Mercury takes out another top marketing award

Press Release – Mercury Energy

Successfully rebranding in a way that achieved strong cut through and resonance with customers earned Mercury and advertising agency FCB three gold awards along with the prestigious Grand Effie at the 2017 NZ Effie Awards last night. The awards, which … Read more »

Manufacturing industry using the most energy

Press Release – Statistics New Zealand

The manufacturing industry was the largest user of total energy in the year ended March 2017, Stats NZ said today. This industry accounted for 49 percent of total energy use, compared with 62 percent in 2012. Read more »

Trustpower raises earnings guidance again

Article – BusinessDesk

Oct. 13 (BusinessDesk) – Trustpower raised annual earnings guidance for a third time this financial year with strong wholesale electricity prices on both sides of the Tasman and increased generation in New Zealand, boosting the outlook for controlling … Read more »

Vector eyes electric vehicles as mobile power sources

Article – BusinessDesk

Oct. 11 (BusinessDesk) – Vector is looking to drive new innovation in the rapidly expanding electric vehicle sector by not only providing charging solutions but also turning them into power sources. Read more »

Contact board happy with strategic direction, Norris says

Article – BusinessDesk

Oct. 11 (BusinessDesk) – Contact Energy’s board is happy with the direction of the electricity generator-retailer, which it sees as supporting a new distribution policy set to deliver bigger returns to shareholders, says chairman Ralph Norris. Read more »

Reduced hydroelectric output but continued supply

Press Release – Ministry of Business Innovation and Employment

Lower rainfall in the South Island led to well below average inflows to southern hydro lakes, and a reduction in hydro generation in the June 2017 quarter, according to the New Zealand Energy Quarterly released today by the Ministry of Business, Innovation … Read more »

Meridian shareholder Peter Wakeman puts two resolutions

Article – BusinessDesk

Oct. 4 (BusinessDesk) – Meridian Energy shareholder Peter Wakeman wants his fellow investors to back two proposals which would see the country’s biggest electricity generator, which only own renewable hydro and wind generation assets, to investigate … Read more »

Air New Zealand Makes Switch to Improve Fuel Efficiency

Press Release – Air NZ

To further improve fuel efficiency, Air New Zealand has turned to electricity to power its aircraft while on airport gates, a move that is expected to reduce carbon emissions by more than 4,500 tonnes each year. Read more »

Users, retailers push back against Powerco’s price hike plan

Press Release – BusinessDesk

Oct. 3 (BusinessDesk) – Big electricity users and generator-retailers are wary that customers will bear an unfair burden from lines company Powerco’s plan to fund a $1.4 billion network upgrade through a hike in regulated prices. Read more »

New Zealand Needs A Climate Change Plan

Press Release – Contact Energy

Dennis Barnes, Chief Executive of Contact Energy is urging New Zealand Inc to move past debates on technicalities and act on the climate change challenge. Read more »

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