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Customer numbers fall for Genesis

NZN 25/01/2017 Edwin Mitson

The number of electricity retail connections for Genesis Energy fell by 1.2 per cent in the last three months of 2016.

The country's largest energy company by customer numbers, had 514,155 connections at the end of the year.

In an update to the NZX, Genesis said the fall in connections, combined with reduced national demand, saw electricity volumes sold fall by 3.2 per cent in the mass market.

Retail gas sales were flat on a quarter to quarter basis, but were up 1 per cent on the previous year.

LPG sales were a bright spot however, with the number of connections rising 5 per cent in the quarter to 17,513 which were up 22 per cent on a year earlier.

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