Powerco Limited · New Plymouth New Zealand
Company Description
Phone: +64-6-759-6200
Fax: +64-6-758-6818
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This link will open in a new window Powerco is the second-largest distributor of electricity and gas in New Zealand (behind state-owned Genesis Energy). Powerco's network extends across the upper central and lower central North Island and services to more than 400,000 customers. Its infrastructure represents about 46% of the gas connections and 16% of the electricity connections in New Zealand. Subsidiary Powerco Energy Services specializes in design, construction, and maintenance services for electricity and gas networks. Powerco has also expanded into Tasmania, where its gas distribution network provides gas to 38,500 residential and small business customers. Powerco was acquired in 2004 by Babcock and Brown Infrastructure. To read the full description, subscribe now.
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Key Powerco Limited Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | March |
| Annual Sales (mil.) | $351.2 |
| Employees | 224 |
Powerco Limited Executives
12 executives listed for Powerco Limited's New Plymouth, location.
| Title | Name & Bio | Contact |
| Acting CEO and Director | Nigel Barbour | Network |
| Network Operations Manager | Ross Dixon | Network |
| CFO and Director | S. Elanga Ekanayake | Network |
Competition
Competitive Landscape for Powerco Limited
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Powerco Limited Competitors
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