Contact posts biggest customer loss in seven years

Jonathan Underhill
Thu, 13 Sep 2018

By Gavin Evans Sept. 13 (BusinessDesk) - Contact Energy posted its biggest customer loss in seven years last month after its contract with a major commercial client came to an end. The firm, which has been letting commercial and industrial customers go rather than compete to keep them at low margins, said it lost about 4,000 accounts in August. That left it supplying about 410,500 power customers, down from 414,500 at the end of July and 423,500 in August last year, according to the firm’s latest monthly operating report. Contact says...

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