Also Flick do fixed pricing now (6mo fixed).

https://www.flickelectric.co.nz/fixie 

al8565:

 

I got a similar story from Genesis, how I would have to change my meter. Maybe that is true, but seems daft when Flick and Electric Kiwi can work out my power usage per 30 mins.

 

I've been through this - basically they don't have the computer systems to add up the half hourly usage for the time of use tariffs. Must be some chunky old mainframes!

Their rates were really competitive, so I said 'sure, I'll sign up and pay the meter reconfiguration fee' as it would be worth my while. Now, I've been a Genesis customer for a month and still no meter reconfiguration, but I can't get a straight answer about why they are struggling with it. 

Disappointing from Genesis, if they could honour the weekend rate I'd switch in a heart beat.

Theclaytons:

 

Disappointing from Genesis, if they could honour the weekend rate I'd switch in a heart beat.

 

In Christchurch they honor the weekend at off peak rates. But as in the previous post that depends on what meter you have. IMO they're not misleading. Just have to change your meter (is it that big of a deal?) I remember when smart meters 1st rolled out there was a huge protest.

SBQ:

Theclaytons:

Disappointing from Genesis, if they could honour the weekend rate I'd switch in a heart beat.

In Christchurch they honor the weekend at off peak rates. But as in the previous post that depends on what meter you have. IMO they're not misleading. Just have to change your meter (is it that big of a deal?) I remember when smart meters 1st rolled out there was a huge protest.

This was not explained on the call though. Just it was not possible. Maybe if they reading this they can talk to me about how to change meter. I could not care less what meter as long as it supports home generation from PV solar.

 

Home Generation from PV is a different setup so the rates would be entirely different. If I recall correctly, the meters are different too in that they go both ways (import / export).

https://www.genesisenergy.co.nz/solar

SBQ:

 

This was not explained on the call though. Just it was not possible. Maybe if they reading this they can talk to me about how to change meter. I could not care less what meter as long as it supports home generation from PV solar.

 

 

Home Generation from PV is a different setup so the rates would be entirely different. If I recall correctly, the meters are different too in that they go both ways (import / export).

 

https://www.genesisenergy.co.nz/solar

 

 

 

i get weekend rates and export on Flick no worries.....

https://www.stuff.co.nz/business/106841687/southland-company-expanding-renewable-energy-portfolio

This should be good for our renewables target as well avoiding spikes, and maybe, stabilising power prices?. It should make spot providers less risky?

The Upper Fraser station is consented for 7.8 MW and will be 6.5 MW after construction, with annual output around 30 GWh.

The Matiri station is consented for 5 MW and will likely be 5 MW with annual output of around 28 GWh.

Whilst good for renewable energy targets these will both be largely "run of the river" and are  not really big enough to drive a shift in power prices.

voy1d:

 

The Upper Fraser station is consented for 7.8 MW and will be 6.5 MW after construction, with annual output around 30 GWh.

 

The Matiri station is consented for 5 MW and will likely be 5 MW with annual output of around 28 GWh.

 

 

 

Whilst good for renewable energy targets these will both be largely "run of the river" and are  not really big enough to drive a shift in power prices.

 

They should reduce the number of spot price spikes?

Unlikely, we're talking 11 MW of generation during a peak demand of 6,100 MW load - that amount of generation is like a drop in the bucket.

voy1d:

 

Unlikely, we're talking 11 MW of generation during a peak demand of 6,100 MW load - that amount of generation is like a drop in the bucket.

 

Ok, thanks. In other words the news was fake news. Any laymen would read that and say great, but at the end of the day its insignificant to NZ consumers, its not really relevant to renewables and power, its just a business venture by the shareholders.

Been some political/media brouhaha in the last couple of days, the headline being that power bills have increased by "almost 80% since 1990" e.g. see 

https://www.odt.co.nz/news/national/surging-cost-electricity

However, if I use the Reserve Bank's inflation calculator, I see that $1 in Q1 1990 has inflated to $1.77 today. So electricity prices have inflated at almost exactly the CPI rate... doesn't quite make the same impact on a headline.

https://www.rbnz.govt.nz/monetary-policy/inflation-calculator

Also, wages inflated to $2.25 over the same period so power is now effectively cheaper than in 1990.

So much for thoughtful analysis in the media.

kryptonjohn:

 

Been some political/media brouhaha in the last couple of days, the headline being that power bills have increased by "almost 80% since 1990" e.g. see 

 

https://www.odt.co.nz/news/national/surging-cost-electricity

 

However, if I use the Reserve Bank's inflation calculator, I see that $1 in Q1 1990 has inflated to $1.77 today. So electricity prices have inflated at almost exactly the CPI rate... doesn't quite make the same impact on a headline.

 

https://www.rbnz.govt.nz/monetary-policy/inflation-calculator

 

Also, wages inflated to $2.25 over the same period so power is now effectively cheaper than in 1990.

 

So much for thoughtful analysis in the media.

 

 

 

 

 

That was my thought when I heard on the radio, but I read an article that stated the 80% figure was in excess of inflation

Here's the report https://www.mbie.govt.nz/info-services/sectors-industries/energy/electricity-price-review/consultation/first-report.pdf

Interesting titbits:

- Generation (spot prices?) and transmission charges haven't changed much (in inflation adjusted terms) between 1990 and 2018

- Distribution and retail margins account for most of the increase in cost to households over that period - as distribution costs were shifted from large consumers to households, and a large increase in retail margins