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245 posts

Master Geek
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Topic # 126760 18-Jul-2013 18:29
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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.




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  Reply # 861798 18-Jul-2013 18:33
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Technically, that's four words. Otherwise, I agree.




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  Reply # 861809 18-Jul-2013 18:50
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Yep, your right, it's like complaining about the price of Petrol, there's nothing you can do other than not use it.




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  Reply # 861853 18-Jul-2013 21:02
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Are Genesis your cheapest option in CHCH?

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  Reply # 861859 18-Jul-2013 21:10
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kiwitrc: Are Genesis your cheapest option in CHCH?


they were, (plan dependant) but after the price hike not so sure. In the same boat as the op might have to look at the alternatives if not for price for the principal

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  Reply # 861870 18-Jul-2013 21:26
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https://www.powerswitch.org.nz/powerswitch in case you havent used it.

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  Reply # 861874 18-Jul-2013 21:35
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Use www.switchme.co.nz instead of powershop. The answers you give to powershops demograpic questions. Affect the results. Even if you always enter the same number of units used.

[Moderator edit (MF): fixed hyperlink]






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  Reply # 861877 18-Jul-2013 21:39
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Aredwood: Use www.switchme.co.nz instead of powershop. The answers you give to powershops demograpic questions. Affect the results. Even if you always enter the same number of units used.


You mean powerswitch?

Also your link is broken

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  Reply # 861879 18-Jul-2013 21:41
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kiwitrc: https://www.powerswitch.org.nz/powerswitch in case you havent used it.


yup used it just says new prices pending on the genesis listing



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Master Geek
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  Reply # 861882 18-Jul-2013 21:49
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kiwitrc: Are Genesis your cheapest option in CHCH?


According to Consumer Powerswitch, Contact is now the cheapest with it's 22% discount (all has to be done online), then Meridian, but there $50 off for 3 months ($150) would make them cheapest now. The Consumer Powerswitch web site has not updated Genesis to there new prices yet.

I had a winge about it to my neighbour today and they told me they had been with Trust Power for years, which really made me feel better as they are prob the most expensive in NZ. Also some of my family in the BOP pay quite a bit more for electricity than in CHC.

Having a look at regional prices on Consumer Powerswitch, North Islanders are paying a lot more than Canterbury for power, about 10-40+% more for the cheapest, Gisbourne rural .4020 cents a unit, I'm on nearly half that (low user). Must be hard for big family's on low incomes.




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  Reply # 861932 18-Jul-2013 23:40
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garbonzai: I have just had another power increase from GENESIS ENERGY ... But what can one do.

Give your Council the finger and start burning some wood?

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  Reply # 861940 19-Jul-2013 01:27
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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.


I'm usually sitting on the right politically but the move to split ECNZ into five power generators was the most stupid idea that was ever created yet Labour never reversed it the whole time they were in power. Honestly, if there was ECNZ selling electricity straight to the customers and power generation capacity was being added and the NIMBY (Not In My Back Yard) were being ignored I'm sure our electricity would be a damn site cheaper than what we're paying today. Unfortunately though I don't see things improving - I'm with Meridian right now but when it boils down to it I'm faced with either being cold or giving up a treat each pay day so I make my choice to keep warm.




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  Reply # 861942 19-Jul-2013 05:25
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Dratsab:
garbonzai: I have just had another power increase from GENESIS ENERGY ... But what can one do.

Give your Council the finger and start burning some wood?


Invest in a solar power setup? This makes most $$ sense when building a new place so.....option 2....get hot water & cooking switched over to gas?


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  Reply # 861946 19-Jul-2013 06:22
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We're with Meridian increased their prices by just over 20% a few months ago.

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  Reply # 861963 19-Jul-2013 08:05
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I guess it's only a matter of time before I get a price hike here; been at 24.22c (after discount) for the past 18 months. Not sure whether that's good or bad nationally, but it was the cheapest option at the time and I've never reviewed it.

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  Reply # 861994 19-Jul-2013 09:08
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myfullflavour:
Dratsab:
garbonzai: I have just had another power increase from GENESIS ENERGY ... But what can one do.

Give your Council the finger and start burning some wood?


Invest in a solar power setup? This makes most $$ sense when building a new place so.....option 2....get hot water & cooking switched over to gas?



If you switch over to gas for hot water and cooking you face another supply charge which for most makes the whole exercise uneconomic.

You may want to switch for other reasons though but saving money shouldn't be one of them.

We have a separate meter for our hot water power and with a modern electric cylinder you're probably looking at $50-$60 a month max.  Gas will probably cost around $1.15 per day just to be connected and then there is the energy cost on top of that.

I haven't looked at solar recently but my parents had it installed in a new house a few years ago and it has never made economic sense.

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