On Sunday I was having a discussion with my extended family on how much they pay for electricity. My last power bill was $285.00 which is not bad considering my wife is at home raising our son so the heat pumps are on quite often. My in-laws who work Monday to Friday paid $200.00 last month. My brother and sister-in-law paid a whopping $580.00 which was a combination of gas and electricity. Considering that gas is used for heating and hot water they still paid $300 for electricity.
So, from this little group of 3 children, 6 adults and 3 houses we collectively contributed to the SOE gravy train $1080.00 for gas and electricity. Of this gross (and I mean gross) amount $120.00 was GST.
I currently pay 17.36 cents per kWh and the power company still controls my hot water. Based on the current wholesale rate of 6.56 cents the retail margin is a whopping 62%, plus there also the additional 70 cents per-day 'line charge', 'supply charge' or whatever it is for.
Electricity actually has a higher gross profit than that other monopoly the Auckland Airport Company. You have to wonder if 6.56 cents is the wholesale rate what does it actually cost to generate electricity? Does anyone know? There must be a wholesale margin in there somewhere.
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Comment by Bung, on 26-Jul-2007 10:40
I've just had the Meridian price rise letter, 17.95c incl GST from 1 Sept.
They claim that their average consumer in the Wgtn area pays $175.
In other news large TVs now use more power than a family size fridge.
Comment by sbiddle, on 26-Jul-2007 11:58
Our power bill (2 people) is around $160ish per month. My girlfriend complains about that but with 3 PC's on 24/7 and power for our hot water and cooking and a Plasma that draws a whooping 380W and another 200W or so for the PVR which is normally always running when the TV is on I guess it's not too bad!
Comment by TinyTim, on 26-Jul-2007 15:33
We've averaged $300 per month for the last 2 months. We have a massive electric central heating unit but it's only on for 2-3 hours a day (we don't run it once the kids are in bed). The house isn't as well insulated as it could be - that's a job for this summer.
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