Pulse Energy describes itself thus on its website (the emphasis is ours):
Pulse is majority New Zealand owned, independent electricity retailer, servicing over 34,000 customers throughout New Zealand. Being independent enables us to purchase the best priced generation on the market and pass the benefits on to our customers.
Pulse promises refreshing, straight forward, peace of mind electricity supply to all our customers. If you’re looking for an electricity retailer doing all it can to bring the lowest possible prices for power to consumers’ homes and businesses – keep reading and sign up.
At Pulse we believe in transparency and that includes being honest and open about our pricing and offering product choices tailored to meet all customers’ requirements. For example, at Pulse we don’t increase our prices so that we can give a prompt payment discount. We prefer to offer the best price we can from the start.
Pulse Energy’s smart metering offers are being developed and will use the latest smart meter technology in the market. Smart meters enable customers to monitor their electricity usage and take advantage of discounted off-peak rates. The appeal of smart metering is that users can save up to 15% off Pulse Energy's standard variable rate by altering when electrical appliances are used in homes and businesses.
Pulse Utilities New Zealand Limited, the parent company of Pulse Energy, was listed on the New Zealand Stock Exchange – on the NZAX Board in November 2007. In 2011 Buller Electricity Limited became the majority shareholder.
Pulse has gone from strength to strength winning the Deloitte fast 50 in 2012 as the fastest growing company and is now an established player in the New Zealand electricity retail market making a real difference for consumers.
Wasn't it Grey Power in whose name the LabourGreen asset sales petition went in under? Yet Grey Power has gone off and done a deal with an "majority New Zealand owned, independent electricity retailer". Does this not prove that private businesses are much better to do deals with than those owned by the Crown?
We wonder if Grey Power yet realises the wider implications of the deal it has secured on behalf of its members (and its a very good deal!). And we wonder if Labour and the Greens realise that their patsy petition sponsor has sold them down the river by doing a deal with the enemy.
As we said in our reply to Duncan Garner, this whole situation is dripping with irony. Grey Power claims to be apolitical; is the organisation now regretting jumping into bed with David and Russel?