New Zealand will be getting a new energy retailer in 2017, in the form of one of the country’s biggest telecommunications companies.
Vocus New Zealand, which owns broadband provider Slingshot, has now taken ownership of energy company Switch Utilities. It now plans to sell electricity to customers under the Slingshot brand.
Vocus becomes the first telco in New Zealand to acquire an electricity company. Switch will continue operating under its current structure, and energy will be offered via the Vocus stable of brands, starting with Slingshot in the new year.
Competing with the top energy providers, Vocus Chief Executive New Zealand Mark Callander said there is huge potential for service bundles in the New Zealand market and is confident of delivering competitive packages for Slingshot customers.
“We pride ourselves on being a challenger brand in the telco market,” he said. “We will bring that same ethos to the energy market, shaking up the current offering for Kiwis. We are flexible, competitive and with the great team at Switch, we’re in a strong position to offer Kiwis a one-stop-shop for their household connections.
“In the new year, Slingshot will be offering customers broadband, landline, mobile, gas and electricity – all on the same bill, with great customer service”
Switch currently supplies energy to a range of businesses and households, but has a focus on apartments, schools and sports grounds.
Nick Yates, CEO of Switch Utilities, said: “While we’re a relatively small player, we’re excited to become a part of such a reputable company with the similar values and a focus on strong customer service and excellent products. With Vocus, we will naturally expand our customer base into the consumer segment and we are confident that our existing customers will value the growth of our offering.
“We are also looking forward to extending our energy services to Vocus customers. Our team at Switch is on board and will continue business as usual.”
Mr Callander added that, as many Kiwis consider switching broadband and energy suppliers in the new year, he expects Slingshot to be an attractive option.
“We hope Slingshot’s new offering will be an incentive to switch. We’re confident that this is a strong step in the right direction for the business and we’re excited to see the response from Kiwis,” said Callander.