Trustpower Limited (NZX:TPW) has released its quarterly operating report for Q1FY20. The retail market activity was significantly down during level 4 lockdown and has been slower to rise back up than other market participants. This saw a decrease in total utility accounts across the quarter, down by about 2,000. Total utility accounts and telco customers are both up by about around 6,000 on a year-on-year basis.
- Increased working-from-home, lockdown, and increased telco customers saw total data usage from our customers grow by 81% compared to the pcp;
- Data use on a per-customer basis increased 66% on the pcp.