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.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 
4123 posts

Uber Geek
Inactive user


  # 999974 6-Mar-2014 09:20
Send private message

rayonline:
kiwitrc: I am on Genesis in Tawa and pay $1.01/day , maybe I better sign up for the 2 year deal with Genesis after all!


I asked about something similar in the past and they said that there are fineprints around when rates can still be altered within reason. 


I went ahead an locked the price last week, I did it over the phone as I couldnt find the letter they sent me, I had to read the T&C's but nowhere did it say they could up the price. Short story got the letter today saying the line charge was going up from 101 to 183.91, rang them this morning to ask what the story was and they confirmed I have got a locked price for 2 years (cross over between setting my fix and the increase letters going out) at 105.55 line charge, Day rate of 23.1 and night rate 11.77

14989 posts

Uber Geek

Trusted
Subscriber

  # 1000033 6-Mar-2014 11:19
Send private message

I just got something similar from Meridian. Prices are going up 95c/day but down 2.5c/kwh. That means I'll pay around $30/month more in fixed charges but at my June usage $27/month less in power usage. All in all it balances out ok, I may pay less in winter but more in summer.





 
 
 
 


dwl

363 posts

Ultimate Geek


  # 1000073 6-Mar-2014 12:07
Send private message

kiwitrc:
rayonline:
kiwitrc: I am on Genesis in Tawa and pay $1.01/day , maybe I better sign up for the 2 year deal with Genesis after all!


I asked about something similar in the past and they said that there are fineprints around when rates can still be altered within reason. 


I went ahead an locked the price last week, I did it over the phone as I couldnt find the letter they sent me, I had to read the T&C's but nowhere did it say they could up the price. Short story got the letter today saying the line charge was going up from 101 to 183.91, rang them this morning to ask what the story was and they confirmed I have got a locked price for 2 years (cross over between setting my fix and the increase letters going out) at 105.55 line charge, Day rate of 23.1 and night rate 11.77

This is a confusing saga.  I didn't bother with with the 2 year locked rate as it was noticeably higher (4.5%) than what I was paying but now that the increases have been revealed I am now quite hacked off I didn't.

We are on day/night scheme and about half our usage is at the night rate (hot water on timer, heat pump) so I have calculated new figures which are sobering when adding in the locked prices - these are ex GST prior to prompt payment discounts:


For us at around 9000 units per annum with 50/50 day/night this 12.9% rise is massive.  Also note that on the new rates the night kWhr rate has increased despite the daily rate also doing a massive rise.  

Having seen the post above I started to assume the worst, that Genesis had sent out an offer of fixing, which didn't mention the rise that was being planned (seems unlikely they didn't know magnitude), and that offer may now have expired.

My good news is Genesis are still honouring the locked in offer and the rates they have just given me on the phone are identical to the post above.   I got the same assurance that they absorb any line charge differences.  There is a break fee if moving from Genesis within the 2 year period but the fee is less than a months charges so I have signed up to fixed.

I strongly encourage others to check their situation and options.  Also watch out whether you might be better off under low user if under 8000 kWhr/yr.  Many thanks to the topic starter and other contributors for getting this discussion going as there is over $300 saving for me over 2 years (unless prices drop).

28126 posts

Uber Geek

Moderator
Trusted
Biddle Corp
Lifetime subscriber

  # 1001976 10-Mar-2014 08:28
Send private message

We got a letter from Meridian on the weekend saying that the previous letter saying they expected out power bill to increase by 4% was incorrect, and that our power bill would actually be dropping.


dwl

363 posts

Ultimate Geek


  # 1003083 11-Mar-2014 23:22
Send private message

From Morning Report today - http://podcast.radionz.co.nz/mnr/mnr-20140311-0826-wellingtonians_warned_to_be_wary_of_electricity_price_offer-048.mp3 - "Genesis Energy has confirmed it's not allowing customers to freeze their prices at the moment. The other major retailers couldn't be reached for comment."

1 | 2 | 3 | 4 
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



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:





News »

New AI legaltech product launched in New Zealand
Posted 21-Aug-2019 17:01


Yubico launches first Lightning-compatible security key, the YubiKey 5Ci
Posted 21-Aug-2019 16:46


Disney+ streaming service confirmed launch in New Zealand
Posted 20-Aug-2019 09:29


Industry plan could create a billion dollar interactive games sector
Posted 19-Aug-2019 20:41


Personal cyber insurance a New Zealand first
Posted 19-Aug-2019 20:26


University of Waikato launches space for esports
Posted 19-Aug-2019 20:20


D-Link ANZ expands mydlink ecosystem with new mydlink Mini Wi-Fi Smart Plug
Posted 19-Aug-2019 20:14


Kiwi workers still falling victim to old cyber tricks
Posted 12-Aug-2019 20:47


Lightning Lab GovTech launches 2019 programme
Posted 12-Aug-2019 20:41


Epson launches portable laser projector
Posted 12-Aug-2019 20:27


Huawei launches new distributed HarmonyOS
Posted 12-Aug-2019 20:20


Lenovo introduces single-socket servers for edge and data-intensive workloads
Posted 9-Aug-2019 21:26


The Document Foundation announces LibreOffice 6.3
Posted 9-Aug-2019 16:57


Symantec sell enterprise security assets for US$ 10.7 billion to Broadcom
Posted 9-Aug-2019 16:43


Artificial tongue can distinguish whisky and identify counterfeits
Posted 8-Aug-2019 20:20



Geekzone Live »

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


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



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.