Switchme Blog

Powershop have come top of this year’s Deloitte Fast 50 index since doubling their customer base within the last twelve month.

The index which compiles and ranks the 50 fastest growing companies in New Zealand according to revenue growth over the last three years.

Powershop, which is an online subsidiary of state owned Meridian Energy, has the highest recorded growth rate in the 11 year history of the Fast 50.

The online electricity retailer Powershop prides itself on bringing innovation to the electricity industry and changing the way consumers are billed for their electricity.

A Deloitte spokesperson stated “They’ve really shown that courage, tenacity and innovative thinking can deliver outstanding success, even in a tough economic climate, by adopting a challenging mindset and not being confined to a conventional business model’.

Powershop allows you to buy electricity in their online shop, and have regular ‘Specials” on offer just like your local supermarket!  You choose which power to buy depending on whether you wish to buy ‘Green Power’ to help protect the environment or wish to buy in bulk to secure the best deal.

Monitor your electricity usage with Powershops’ online tools which allow you to track as and when you are using your power and budget accordingly.

Giving customers the variety to manage their own power bills has seen their growth rate of 5280 per cent award them the top spot of the Deloitte Fast 50.

Mobile network Two Degrees came second with a growth rate of 3762 per cent.

The benchmark for making the Fast 50 is a growth rate of 144 per cent or higher over the last three years and making the top 10 requires growth of at least 485 per cent.

Visit Switchme to see how much Powershop could help you save on your next household power bill.

Source: Stuff.co.nz