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PowerNet Limited, based in Invercargill, New Zealand, is a joint venture company that manages the electricity reticulation networks of The Power Company Limited, Electricity Invercargill Limited, and OtagoNet Joint Venture.
Established on July 1, 1994, the company's core business is to manage electricity network assets in a cost-effective way. This strong commercial focus means PowerNet is able to achieve efficiencies in a monopoly-controlled industry.
PowerNet is responsible for the distribution of electricity to 64,000 rural, residential and industrial customers. The company adheres to a vision and value code to serve its customers through understanding their needs and expectations and responding accordingly.
One of the ways they do that is making the most of the technology available to them. This allows them to reward their stakeholders – customers, employees, suppliers, and owners – by producing a sound financial performance and contributing to the wellbeing of the community and the environment.