I see from a recent NZ Energy & Environment weekly (15 July) that Contact Energy have lost an astounding 10% of their retail customer base. 10% of their customers is huge.
This followed their large increase in directors fees, but I for one think another reason is at play in Otago, where their customer base is substantial. Contact is proposing more hydro dams on the Clutha.
This is very unpopular down our way. Remember the “Save Manapouri” movement or the controversy over the Clyde dam (pushed through by empowering legislation by a National government).
Is the lesson for Contact is “don’t mess with our rivers if you want to keep your customers”?