Auckland, New Zealand — (METERING.COM) — May 12, 2009 – Smart metering company Pulse Utilities has secured electricity supply from two small hydro generators, as part of its plan to establish itself in the general electricity retail market.
An agreement with Taranaki’s 330 kW Opunake Hydro has taken effect immediately, while electricity from the 1.9 MW run of river hydropower scheme at Coal Creek in Otago will become available when the facility is finished in July 2010.
Pulse was incorporated in 2004 with the purpose of marketing and distributing advanced intelligent meter reading and event management technologies in the New Zealand electricity market. With the aim of commercially exploiting the capability it has developed, Pulse began retail trading in May 2007, reporting sales worth $139,238 to March last year.
The company expects to make other similar agreements with small and medium power generators, and also offers its smart metering and billing technology to private power generators who wish to sell power directly to consumers.