Contact buys stake in Simply Energy to speed emission reduction effort

Mon, 10 Jun 2019

By Gavin Evans June 11 (BusinessDesk) - Contact Energy is to invest $10.7 million in Simply Energy as part of its strategy to help commercial and industrial customers adopt new energy technologies and reduce their emissions. New Zealand’s second-largest generator and retailer will make the investment over three years to acquire a 49.9 percent stake in Simply Energy, which provides hedging and tariff services for industrial power users and market services for independent generators and start-up retailers. The sum includes a $2 million i...

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