Electric Kiwi passes 50,000 customers, urges faster reform

Electric Kiwi passes 50,000 customers, urges faster reform
Jenny Ruth
Power retailer Electric Kiwi is celebrating having signed up its 50,000th customer five years after its first but is complaining at the slow pace of implementing last year's electricity price review recommendations.The company is highlighting its offer of a daily free hour of off-peak power as a major factor in its success, but its hedging position is possibly an even bigger factor."We're pretty disciplined in terms of risk management and that's allowed us to grow through what's been reasonably volatile conditions," chief executive Luke Blincoe...

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