ZB

UK electricity upstart prepares launch into competitive NZ market

Author
Newstalk ZB,
Publish Date
Mon, 18 Jan 2021, 7:56pm
Ari Sargent, who ran Powershop for close to a decade, has been hired by UK electricity retailer Octopus Energy, which plans to launch in New Zealand later this year. Photo / Mark Mitchell
Ari Sargent, who ran Powershop for close to a decade, has been hired by UK electricity retailer Octopus Energy, which plans to launch in New Zealand later this year. Photo / Mark Mitchell

UK electricity upstart prepares launch into competitive NZ market

Author
Newstalk ZB,
Publish Date
Mon, 18 Jan 2021, 7:56pm

A fast-growing UK electricity retailer is preparing to launch into New Zealand, joining 30 companies already offering electricity here.

Octopus Energy have hired a veteran innovator of the industry, Ari Sargent as the managing director.

He told Andrew Dickens there is space for another player to shake-up the industry.

"We are keen to provide clean, affordable electricity for New Zealand consumers."

Octopus Energy has 1.8 million customers in the UK, along with nearly 15 million customers in Japan.

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