Time to give electricity the flick?

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#2044600 27-Jun-2018 09:30

muppet:

I just switched to Flick this week to see what it's like.

So far, it's been fun hehe.

Edit: I can't understand anyone complaining about price spikes. IT SAYS RIGHT THERE WHEN YOU SIGN UP IT MIGHT HAPPEN.

Yea seeing large spikes today for the first time in a while. Normally the spike lasts just a short time, today mine is been hovering at about 95cents per unit since early this morning. Something must be up.

robertsona

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#2044602 27-Jun-2018 09:31

Edit: I can't understand anyone complaining about price spikes. IT SAYS RIGHT THERE WHEN YOU SIGN UP IT MIGHT HAPPEN.

Just to be a clear: I don't like the spikes, but I'm not moaning. I'm more interested in understanding the behaviours of the market.

tdgeek

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#2044603 27-Jun-2018 09:32

Wiggum:

muppet:

I just switched to Flick this week to see what it's like.

So far, it's been fun hehe.

Edit: I can't understand anyone complaining about price spikes. IT SAYS RIGHT THERE WHEN YOU SIGN UP IT MIGHT HAPPEN.

Yea seeing large spikes today for the first time in a while. Normally the spike lasts just a short time, today mine is been hovering at about 95cents per unit since early this morning. Something must be up.

Its cold, high demand, its winter. Spikes will come and go, its normal

pogo

84 posts

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#2044604 27-Jun-2018 09:33

I can't understand anyone complaining about price spikes

I don't mind the spikes. It's the lumps that get me...

Wiggum

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#2044606 27-Jun-2018 09:39

tdgeek:

Its cold, high demand, its winter. Spikes will come and go, its normal

Like I said today is a bit unusual for us. Its been cold and winter for a while now. Today seems to be a bit more than just a spike, its been hovering like this for over 3 hours now. All my spikes to date have not lasted more than 30 minutes (except for one in early May)

mentalinc

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#2044609 27-Jun-2018 09:43

Spikes or lumps last winter sometimes lasted for a few hours.

Expect the same tonight from 5 until 7:30 or so!

CPU: AMD 5900x | RAM: GSKILL Trident Z Neo RGB F4-3600C16D-32GTZNC-32-GB | MB: Asus X570-E | GFX: EVGA FTW3 Ultra RTX 3080Ti| Monitor: LG 27GL850-B 2560x1440

Quic: https://account.quic.nz/refer/473833 R473833EQKIBX

pogo

84 posts

Master Geek
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#2044617 27-Jun-2018 10:02

What's up with Huntly?

http://www.em6live.co.nz/PlanningRegion.aspx?planningregion=usi

pogo

84 posts

Master Geek
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#2044664 27-Jun-2018 11:19

Forecast prices are nuts today:

dantheperson

226 posts

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#2044686 27-Jun-2018 12:10

pogo:

What's up with Huntly?

http://www.em6live.co.nz/PlanningRegion.aspx?planningregion=usi

What's wrong with Huntly,
It's my home country...

Are they affected by the gas shortage?

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12078114

SBQ

104 posts

Master Geek
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#2044706 27-Jun-2018 12:41

pogo:

Forecast prices are nuts today:

As I posted before, demand will always be high during the winter months. I suffered the high winter prices in 2017 with Flick. What I realised was during the winter months, I would consume 2/3rd of my total annual electricity use. The remaining 1/3rd of electricity I used over the summer months did not matter because you can only save so much on 1/3rd of the power used. Could not get away from Flick fast enough. My Genesis bill came in the other week and boy am I glad (NO SHOCK billing). No more having to check the Flick App every 30 minutes to cry over how expensive meals will cost to cook.

I've found when the demand for electricity in winter months is consistently high, the spikes will reflect that to the point that overall, prices will remain high all through the day. Even at night time the night rate price is elevated much higher than the flat rate Genesis offered me prior.

How are the Flick customers in Christchurch ? I share your pain.

Teeps

501 posts

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#2044716 27-Jun-2018 13:09

The main difference is that as Flick customers (and customers of other retailers selling at spot prices) we get hit with the high prices as they happen and get the low prices for the rest of the time, for everyone else (unless they’re on fixed term contracts) the retailers will raise the prices which you’ll have to pay the increased cost to cover the high prices over the rest of the year, and they’ll make certain they have a buffer as they want to make a profit. Yes the prices may currently be high, but paying at spot prices will still be cheaper in the long run as when the prices go back down we get to pay those instead of paying the prices of a retailer trying get to make up for past high prices and potential future ones.

pogo

84 posts

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#2044717 27-Jun-2018 13:20

As I posted before, demand will always be high during the winter months. I suffered the high winter prices in 2017 with Flick. What I realised was during the winter months...

If you haven't been paying attention to the thread, something is different as of yesterday and today. So far this winter we've seen short-term spikes in cold-snaps, as expected, but over the past 16 hours or seen we've seen sustained high prices that are very similar to last year's dry winter. Last year lake-levels were nearing danger levels, but this year is fine:

Which leads to the question: what's changed???

robertsona

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#2044723 27-Jun-2018 13:35

This thread is going in circles again - essentially, there are two camps here: those of us who are happy to ride the highs and lows of the wholesale prices, confident that we're better off in the long run; and those who (quite understandably) are uncomfortable with the uncertainty and frights from the market. How about we just agree to disagree?!

Back to my my question from earlier today: I'd really like to learn what circumstances or mechanisms are causing the periods of extreme and sustained high prices? Obviously, demand is seasonally high. But, as has been pointed out, some generating sources haven't been near capacity, e.g. controlled hydro storage is well above average, but SI hydro was generating at 75% capacity this morning.

I'd like to learn more about what constraints are at play.

tdgeek

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#2044774 27-Jun-2018 13:53

Teeps: The main difference is that as Flick customers (and customers of other retailers selling at spot prices) we get hit with the high prices as they happen and get the low prices for the rest of the time, for everyone else (unless they’re on fixed term contracts) the retailers will raise the prices which you’ll have to pay the increased cost to cover the high prices over the rest of the year, and they’ll make certain they have a buffer as they want to make a profit. Yes the prices may currently be high, but paying at spot prices will still be cheaper in the long run as when the prices go back down we get to pay those instead of paying the prices of a retailer trying get to make up for past high prices and potential future ones.

Not quite. I dont recall retailers raising their prices for winter. The retailer prices are what they determine as the average of high and low throughout the year. If you chose a spot price retailer, you pay the real daily price. The difference is that you can manage the variance or allow the retailer to do that for you

tdgeek

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#2044775 27-Jun-2018 13:55

robertsona:

This thread is going in circles again - essentially, there are two camps here: those of us who are happy to ride the highs and lows of the wholesale prices, confident that we're better off in the long run; and those who (quite understandably) are uncomfortable with the uncertainty and frights from the market. How about we just agree to disagree?!

The two camps are:

1. those of us who are happy to ride the highs and lows of the wholesale prices, confident that we're better off in the long run

2. those who are happy with low spot prices, but complain when the high spot prices hit. This lot needs to migrate to 1.

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