garbonzai: I have just had another power increase from GENESIS ENERGY on 14th July (yes middle of winter, shame on you Genesis), not long after a previous power increase in September 2012, so in 10 months my electricity has increased by 27.2%.
With electricity companies making record profits year after year and inflation running at 1-2% pa, and power companies increasing prices 10-15% pa, only 3 words come to mind, cash cow and rort or rorting.
So I shall have the heatpump on a third less (we can freeze in CHC) and in a couple of days will no longer be your customer, yes I will go to someone else in the electricity cartel.
Also, these advertisements on TV and the power companies web sites about "how to save money" or power is nothing more than PR rubbish, the forecast tells them (the CEO or who ever) that consumption (revenue) will be down, so the just put the price up to get the revenue back (plus a bit more). So more frugal use and better appliances etc, just means the price goes up.
But what can one do.
Another price increase coming 1st November, (Meridian)
so for me, since September 2012 (between Genesis and Meridian) the price of low user has gone from 18.25c c/kWh to 29.02 c/kWh, which works out to be a 59% power increase in a little over 3 years,
absolutely unbelievable, said their usual crap about increased costs for them (not nearly 60% in 3 years, come on), I think its more the CEO wants their bonus, so profit must increase.
Might be looking at changing power providers end of October, but they are all pretty much the same price, can't win, extortion by monopoly/cartel.....
garbonzai:so for me, since September 2012 (between Genesis and Meridian) the price of low user has gone from 18.25c c/kWh to 29.02 c/kWh, which works out to be a 59% power increase in a little over 3 years
Are you sure about that?
I've been with Mercury for that period and in 2011 from 1 April I was paying 27.48c/kWh (taking into account everything - line charges, prompt-payment discount etc) and today I'm still only paying 28.72c/kWh on the same basis - 4.5% increase over 4 years. That's based on 6300kWh/year.
I check the competition regularly and had I noticed a difference like that I would have switched without hesitation!
garbonzai:so for me, since September 2012 (between Genesis and Meridian) the price of low user has gone from 18.25c c/kWh to 29.02 c/kWh, which works out to be a 59% power increase in a little over 3 years
Are you sure about that?
I've been with Mercury for that period and in 2011 from 1 April I was paying 27.48c/kWh (taking into account everything - line charges, prompt-payment discount etc) and today I'm still only paying 28.72c/kWh on the same basis - 4.5% increase over 4 years. That's based on 6300kWh/year.
I check the competition regularly and had I noticed a difference like that I would have switched without hesitation!
Yip, pretty sure, If your not in CHC, no point in comparing your prices to mine, joined Genesis somewhere around the 2011 quake after Meridian put their prices up, was on 18.25 c/kWh with Genesis for a year or two, then Genesis had two large price increase over two years, went back to Meridian and this is their second price increase since back with them, looking back through this thread looks like I have been back with Meridian sine July 2013.
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