Lines companies stifling power company innovation, says Contact Energy

Tue, 18 Feb 2014

By Pattrick Smellie Feb. 18 (BusinessDesk) – The biggest barrier to electricity retailers introducing new, more competitive products is the complexity created by 29 separate monopolies owning the country’s electricity networks and all charging for them differently, says Contact Energy chief executive Dennis Barnes. At a media briefing on the company’s half-year earnings, Barnes said Contact was close to introducing new technology which would allow creation of products such as weekly billing, rewards systems, and different tariffs using smart...

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