Flick Electric Moves to Meridian Energy
Flick’s customers are moving. In an announcement today, Meridian will pay $70 million to absorb Flick Electric’s 41,000 customers, most of whom are domestic. The move will lift the market share of Meridian Energy up to 18%. Flick will be sold by Australian-owned fuel retailer Z Energy to one of the big-four generator retailers.
"Ampol's divestment of Flick is about strategic fit as Z Energy evolves its strategy to focus on public, business and home EV charging solutions to scale and deliver a strong customer value proposition to support the energy transition," a statement from Meridian said.
Flick will be joining Powership in becoming owned by Meridian, who have said that Flick customers will be looked after under the new acquisition.
"Flick customers can be confident of moving to a company that's committed to outstanding customer service and great value, and we look forward to having them come on board," chief customer officer Lisa Hannifin said.
Flick has had a bit of a journey. In 2018, Z energy acquired a majority stake, which completely diversified the business. However, Flick struggled during the rise of wholesale electricity prices, and moved from wholesale power pricing to a niche offering. Now, it will be acquired by Meridian Energy.
Flick Customers: Compare Options
If you’re a Flick customer, you will be receiving information about the move into Meridian via email. For Flick customers who want to assess all their options, remember, you can easily compare and switch with Power Compare.
Our comparison platform makes it easy to compare all the options available to you, all in the same place. Within just a few minutes, you can compare plans and providers and switch to a new plan that offers you better value for your hard-earned money. Follow these simple steps:
- Jump on the website.
- Type in your address.
- Select any filters that apply to you.
- Compare the options available to you side-by-side.
- Find one you like and click SWITCH.
It’s that easy!