Mighty River Power Limited (parent company to Mercury Energy) and epay New Zealand have formed a strategic partnership to develop a prepay electricity product using the smart metering technology.

Smart metering replaces the current outdated technology and now enables remote monitoring and control of power connections.  Prepaid power actively transfers control of power costs and usage into the hands of consumers.

For the consumer, Prepay Power offers end users greater control on power consumption and cost management.  It delivers power in a more afforadable format with instant recharge at the point of purchase.

As a retailer, Globug provides you with increased foot traffic and a unique point of difference.  It also presents an opportunity to drive conversion and sales across categories.  Globug creates an incremental revenue stream and this offering will build retailer brand loyalty and equity.