MRP 0.00% 0.0¢ mighty river power limited (ns)

Ann: GENERAL: MRP: Kiwi technology key to cut-price electricity for Community

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    • Release Date: 03/02/15 08:30
    • Summary: GENERAL: MRP: Kiwi technology key to cut-price electricity for Community
    • Price Sensitive: No
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    					MRP
    03/02/2015 08:30
    GENERAL
    NOT PRICE SENSITIVE
    REL: 0830 HRS Mighty River Power Limited (NS)
    
    GENERAL: MRP: Kiwi technology key to cut-price electricity for Community
    
    Mighty River Power today announced that Community Services Card holders will
    be eligible for cut-price rates for electricity through its hi-tech GLOBUG
    pre-pay service.
    
    "We're matching the flexibility of our globally leading pre-pay technology
    with a rate that is, and will continue to be, among the cheapest in the
    market," said Mighty River Power General Manager Customer, James Munro.
    
    In addition to being available to an estimated 495,000 homes nationwide with
    one or more Community Services Card holders, the new pricing will be extended
    to all 18,000 existing GLOBUG customers.
    
    "Our new Community Services Card offer will put cash back in the pockets of
    Kiwi families and is a powerful budgeting and energy efficiency tool for
    customers. GLOBUG works just like a pre-pay mobile phone - you can use the
    app, website or call to manage your account," he said.
    
    "This initiative is consistent with our strategy to empower customers, as
    outlined at our Annual Shareholders Meeting last November. You can expect to
    see more customer-first service enhancements and new offers from us."
    
    Mr Munro said there had been interest in the GLOBUG technology from overseas,
    including from Australia where a successful trial was recently carried out
    with a retailer there. The technology was developed in-house by Mighty River
    Power.
    
    ENDS
    
    For further information:
    
    David Glendining
    Head of Communications
    T 0272 105 337
    
    Anna Hirst
    Head of Investor Relations
    T 0275 173 470
    End CA:00260234 For:MRP    Type:GENERAL    Time:2015-02-03 08:30:07
    				
 
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