Trustpower extends customer book as Opunake quits power retailing

Tue, 14 Aug 2018

By Gavin Evans Aug. 14 (BusinessDesk) - Trustpower is to acquire about 1,400 commercial power accounts after Opunake Hydro opted to quit the retail market citing tough competition. Opunake supplies mostly small- to medium-sized firms through its Utilise business. It served 1,423 electricity accounts at the end of June – almost twice that two years earlier – according to Electricity Authority data. But the firm, controlled by Hamilton-based WEL Networks since June, said it is quitting the retail market immediately to focus instead on gr...

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