Lodestone Energy becomes New Zealand energy retailer

Lodestone Energy is New Zealand’s newest electricity retailer, which it says will simplify delivery of its Virtual Rooftop Solar solution and allow it to retail certified solar electricity directly to a wider range of customers.

“Our customers value working directly with Lodestone, and with some of our contracts with major electricity users lasting 20 years, we could see that building a close relationship from the beginning was the right decision,” says Lodestone managing director Gary Holden.

He says this move is coming at a time when the role of energy retailing is under review by the government and the Electricity Authority.

With electricity prices continuing to rise, there is increasing demand for greater competition and improved pricing transparency for consumers, Holden says.

“We understand the importance of new competition and we are keen to make a difference.

“Our goal of delivering affordable solar directly to customers can influence other retailers to follow suit and drive the energy transition, therefore benefiting everyone.”

IInghams New Zealand will be the first customer to utilise its new services, signing a 20-year agreement for Lodestone’s solar-backed energy solution.

For now, Lodestone remains focused on serving the commercial and industrial market, building on its current portfolio, which includes The Warehouse Group.

Lodestone has partnered with energy management provider Robotron New Zealand Limited to deliver a comprehensive solution that allows Lodestone to meet the regulatory standards required for a Type 1 Retailer.

Lodestone has three operational solar farms in the North Island, a fourth under construction in Whitianga and additional projects in development.

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