*** Take the Power Bill Challenge today – you have nothing to lose… but money to gain! - Click here ***

Z Energy invests 70% in Flick Electric

Monday, August 27, 2018
Z Energy partners with Flick Electricity

 

Exciting news in the energy sector today as Z Energy announce that they are investing $46 million to acquire a 70.01% shareholding in Flick Electric. This move recognises the important role that electricity will play in the future of transportation in New Zealand.

The new partnership pairs Flick Electric, an electricity industry disruptor, with Z Energy, New Zealand’s largest transport energy company. Flick Electric has a reputation as an innovative, tech savvy Kiwi provider of consumer electricity. It was one of the first power companies in New Zealand to offer customers access to the wholesale price of electricity.

Z Energy CEO, Mike Bennets, said “We chose to partner with Flick because we share the same values around community, sustainability, diversity and inclusion and innovation, and we both aspire to bring better energy choices and solutions to New Zealanders.” This partnership reflects Z’s strategic commitment to help New Zealand transition to a sustainable low carbon energy future. It recognises the importance that electricity will play as a fuel of the future, with the rise of Electric Vehicles to move from A to B.

Z plan to work with Flick Electric to bring New Zealand innovative, low carbon products and services. This move is another step toward the long-term sustainability of New Zealand and the growth of lower carbon transportation in our future.

“We view this as a partnership that brings together Flick’s start-up mentality, differentiated offer, technology and talent, along with Z’s innovation and marketing capability, operational scale and resources,” Z Energy chief executive Mike Bennetts said in a statement.

Flick Electric Co.

Other News

Oct 15, 2018

SPOTLIGHT: Energy Online

Check out our spotlight on Energy Online. They can help sort out your electricity, natural gas and LPG. Plus they keep it simple – with simple pricing, no contract and a $100 joining credit. What...

Oct 4, 2018

Top 10 ways to reduce your power bill this summer

Summer is coming! It’s finally time to turn off those heaters, shed those winter clothes and embrace the sun. As things heat up keeping cool can be expensive – here are our top tips to...

Sep 17, 2018

Meridian Energy ditches “unfair” prompt payment discounts

Meridian Energy announces it is ditching prompt payment discounts in favour of a guaranteed monthly discount for all customers from 1 October. 

Sep 12, 2018

Government Electricity Market Review – The results are in…

The results of a Government review have revealed there is a two-tier electricity market in NZ.  People who compare power plans and shop around and those that don't.  Don’t be one of the households that...

Sep 9, 2018

SPOTLIGHT: Genesis Energy

Check out our latest Spotlight Power Company Genesis Energy – New Zealand’s largest electricity and gas retailer.