Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.



7894 posts

Uber Geek
+1 received by user: 668

Trusted
Subscriber

Topic # 113988 4-Feb-2013 07:44 Send private message

This article suggests what Meridian has charged for their power has dropped by around 50% in the past year. My power bill went up.

It must be nice to be in a cartel controlling a commodity everyone in the country requires.




Amazon & TOGAF certified solution architect
Professional photographer

Create new topic
7838 posts

Uber Geek
+1 received by user: 349

Trusted
Subscriber

  Reply # 755421 4-Feb-2013 10:25 Send private message

Yes the average wholesale price they sold power to retailers for was half the price ($31.21/MWh vs $60.88/MWh) for the quarter ending Dec 2012 due to over supply (hydro and wind generation increased significantly).

If the price remains low for consecutive quarters you would expect to see it flow through to retailers prices.

Too early to call for the pitch forks, price may be back to $60/MWh or even $90/MWh next quarter, the amount of power generated from wind/hydro does vary a lot. Other generators have variable production too.

http://www.meridianenergy.co.nz/assets/Uploads/Quarterly-operating-result-for-December-quarter.pdf

ajw

981 posts

Ultimate Geek
+1 received by user: 21


  Reply # 755432 4-Feb-2013 10:41 Send private message

Lid blown on power price rort. Who else feels that residential customers are being used as captive cash cows.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10863135



gzt

4936 posts

Uber Geek
+1 received by user: 310

Subscriber

  Reply # 755433 4-Feb-2013 10:46 Send private message

I'd guess retailers will be paying more if lake levels are an issue. Maybe it will even out over the year for them.

The overall upward trend in retail you identify is consistent with this herald article from yesterday:

"Consumers pay up as companies revalue assets. Kiwi power prices have increased at twice the rate of most other countries over the past three decades"

4198 posts

Uber Geek
+1 received by user: 237

Trusted
Subscriber

  Reply # 755449 4-Feb-2013 11:18 Send private message

I've been with Energy Online for maybe 15 months and my bill has not increased over that time (it actually decreased when Tiny Mighty started up in my area). Shop around and you might be able to find a better deal than what you have now.

NB: Lines company here is Horizon. Other areas may of course have higher (or lower) prices.

641 posts

Ultimate Geek
+1 received by user: 85

Subscriber

  Reply # 755851 5-Feb-2013 01:41 Send private message

gzt: The overall upward trend in retail you identify is consistent with this herald article from yesterday:

"Consumers pay up as companies revalue assets. Kiwi power prices have increased at twice the rate of most other countries over the past three decades"


I think at twice the rate they should here. For me the price increases have been double inflation.

For the 20 years from the end of 1992 to the end of 2012 my power prices have increased 128% while inflation (http://www.rbnz.govt.nz/statistics/0135595.html) has been half that at 56%. This is for 12,000 kWh p.a. which is the least we use.




Survival of the fittest • 68kg HP Color LaserJet behemoth • 38kg HP Color LaserJet giant • 82kg HP Netserver leviathan • 61kg HP Netserver brontosaurus - Extinct 2010 • 32kg Compaq Proliant goliath - Extinct 2010 • 31kg 21" IBM CRT gargantua - Extinct 2010

20623 posts

Uber Geek
+1 received by user: 2054

Moderator
Trusted
Biddle Corp
Subscriber

  Reply # 755861 5-Feb-2013 07:27 Send private message

Everybody needs to remember electricity generation, lines, and retail electricity supply are three entirely seperate businesses.

2056 posts

Uber Geek
+1 received by user: 128

Trusted
Subscriber

  Reply # 755889 5-Feb-2013 08:21 Send private message

sbiddle: Everybody needs to remember electricity generation, lines, and retail electricity supply are three entirely seperate businesses.

Yeah, but surely the lines and retail businesses only increase their costs at a maximum of inflation. From an outsider looking in the generators are the only ones with hugely variable pricing. The delivery and retail strikes me as being like any other business like a trucking firm or grocery delivery business.




OneplusOne, Galaxy Tab S, 2talk, Pebble Steel

My views (except when I am looking out their windows) are not those of my employer.

2056 posts

Uber Geek
+1 received by user: 128

Trusted
Subscriber

  Reply # 755968 5-Feb-2013 10:54 Send private message

hairy1:
sbiddle: Everybody needs to remember electricity generation, lines, and retail electricity supply are three entirely seperate businesses.

Yeah, but surely the lines and retail businesses only increase their costs at a maximum of inflation. From an outsider looking in the generators are the only ones with hugely variable pricing. The delivery and retail strikes me as being like any other business like a trucking firm or grocery delivery business.


Actually. Scratch that. I don't know what I was thinking.... Our watercare water costs have doubled this year under the super city and the delivery has not changed one bit. Screwed by monopolies....




OneplusOne, Galaxy Tab S, 2talk, Pebble Steel

My views (except when I am looking out their windows) are not those of my employer.

Create new topic




Twitter »
Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





Trending now »

Hot discussions in our forums right now:

Galaxy s6 announcement and owners thread
Created by Shoes2468, last reply by networkn on 3-Mar-2015 13:14 (71 replies)
Pages... 3 4 5


Why does Lightbox have a suicide wish?
Created by dafman, last reply by keewee01 on 3-Mar-2015 11:45 (95 replies)
Pages... 5 6 7


Accuracy of UFB dates on Chorus website
Created by timbosan, last reply by timbosan on 3-Mar-2015 12:32 (19 replies)
Pages... 2


Uber Taxi Rides - $10 off first ride.
Created by kiwijunglist, last reply by gzt on 1-Mar-2015 23:38 (18 replies)
Pages... 2


The Evil that is ISIS
Created by networkn, last reply by joker97 on 28-Feb-2015 22:47 (201 replies)
Pages... 12 13 14


Spark Open Term Plan Changes? (27/2)
Created by taneb1, last reply by funnyfela on 28-Feb-2015 15:03 (37 replies)
Pages... 2 3


Privacy concerns on returning faulty microSDXC
Created by dpw, last reply by dpw on 3-Mar-2015 12:09 (31 replies)
Pages... 2 3


Car Buying Question
Created by networkn, last reply by joker97 on 3-Mar-2015 12:08 (15 replies)


Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.