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  Reply # 1798142 11-Jun-2017 18:57
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Coon:

I see, if you can time that peak off peak balance, flick can be cheaper, do you know if Flick's off peak time is based on 11.00am-5pm 9.00pm-7.00am + weekends or if it's based on actual peak and off peak demand?



Their price lists are on their website.




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  Reply # 1799003 12-Jun-2017 22:32
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thanks, turns out I have an inclusive meter so with flick my variable is 13.183 cents+spot, this is cheaper for me than the smart plan currently unless I change my peak/off peak consumption habit (I have to shift about 0.6kWh from peak to offpeak everyday on average to make smart plan cheaper)

 

with pulse, as long as the spot price is 20.39-13.183=7.207 cents/kWh or higher, pulse is cheaper. From eyeballing the em6live website for spot prices upper north island kWh today, my average spot price is 10.9c/kWh, so if the South Island lakes stay this dry, pulse will be cheaper

 

am I reading this graph right? the lower right hand side chart http://www.em6live.co.nz/PlanningRegion.aspx?planningregion=uni


 
 
 
 


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  Reply # 1799012 13-Jun-2017 00:24
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Just been checking some of my bills with Flick. Current bill is my first bill where the energy costs for the week are higher than the transmission / distribution costs. My average wholesale price was 7.59c per KW/Hr for the week, and my savings for the week was 11%. Typically Flick claim that I save between 25% and 30% over what my old power company charged me, to put that into perspective. Either way Im still saving with Flick, so far.

 

I sure hope that Pulse Energy have some serious hedging in place. As supposedly the long term average spot price is around the 7.5c per KW/Hr mark. And my understanding is that pulse Energy don't own any generators, to offset the current high wholesale prices.

 

 






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  Reply # 1799597 13-Jun-2017 18:59
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Ok, I'm starting to get a bit ancy with the peak prices on Flick. Currently it's 37.8c, which has only in the last few minutes dropped from 40.6c. Over the last two weeks we've seen peak prices consistently over 36c from 7-10am and 5-9pm every week day. Daytime prices (week days) rarely sit below 24c and usually sit at around 27-29c. Only at night are we seeing prices drop below 17c, with even the weekend often sitting between 17-20c during the day. With lake levels sitting at where they are and my very rudimentary understanding of the market I don't anticipate these prices being out of the norm over the next few months. Together with Orion's *fantastic* new peak pricing structure its starting to get expensive.

 

I understand Flick is about long term savings and lord knows we have seen some great savings over the last 12 months (Flick puts this at $965.60 or around 32%). However we are in that situation now where we don't run the heater during the day as our power bill is over the $80 per week mark and rising. With a baby and a wife home all the time not heating the main living spaces is a no go but that's where we are at (the little ones room is always heated and will remain so). We are already doing everything we can to reduce usage including turning the water heater off during the day, moving all our washing/drying to outside peak hours and running 90% LED lights.

 

I'm looking at switching to Electric Kiwi for the winter and than back to Flick come spring/summer. EK's site lists our prices at 23c per kWh (inc GST) and 84c per day. Using a guesstimate of 10% savings during the hour of power we would have saved $1.44 in May if we were on EK versus Flick. As we get into the depths of winter we are going to have to use the heater more for everyone's health and sanity.

 

Am I wrong in expecting that the current spot prices will continue to be similar to those we've seen over the last few weeks during the oncoming winter? I'll admit I don't know enough about the market to understand where the pricing will move but if it is anything similar the current pricing for the new few months we will have to live the hermit life.


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  Reply # 1799613 13-Jun-2017 19:37
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I'm at 6% saving over a regular power company. Bill of $75, whereas in a normal year it'd have been maybe $60, that's heating most of the house most of the time for wife / baby home.

 

It will take some sustained rain to bring prices down. I think everyone is keeping an eye on it, but I think it's a way off me moving yet. It would have to be above standard prices sustained for a few weeks for me to start thinking hard about it.





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  Reply # 1799621 13-Jun-2017 20:00
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timmmay:

 

I'm at 6% saving over a regular power company. Bill of $75, whereas in a normal year it'd have been maybe $60, that's heating most of the house most of the time for wife / baby home.

 

It will take some sustained rain to bring prices down. I think everyone is keeping an eye on it, but I think it's a way off me moving yet. It would have to be above standard prices sustained for a few weeks for me to start thinking hard about it.

 

 

Just after I typed my above comment Flick's weekly bill came through and it also indicates a 6% saving on $84.41. This is after a concerted effort not to use power this week we normally would have. EK would have come in at $89.63 for the same usage. Take 10% off of that for the Hour Of Power (which we could and would fully utilise) and I think with current spot pricing Flick makes less sense. Last winter would have certainly been cheaper for the same usage. I part blame lower lake levels and part blame Orion, there new peak pricing scheme is taking the mickey with over 20c per KwH being solely lines charges during peak times even before spot pricing is added.

 

Seeing as both Flick and EK are contract free I think we'll take the plunge and switch for the colder months and jump back to Flick in the spring. The refer a friend credit on EK of $50 certainly makes that more cost effective.


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  Reply # 1799661 13-Jun-2017 20:33
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My bill that just arrived still had me at a 7% saving this week in Wellington. Not looking to jump ship just yet, but prices have been higher. I am keeping an eye on the situation and see how it goes....

 

 


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  Reply # 1799670 13-Jun-2017 20:40
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miked:

 

My bill that just arrived still had me at a 7% saving this week in Wellington. Not looking to jump ship just yet, but prices have been higher. I am keeping an eye on the situation and see how it goes....

 

 

 

 

 

 

It really would be helpful if everybody shared the per-unit-price (total bill / units consumed) together with the "% saving". Since then one might see whether using the fixed price provider would be beneficial or not.

 

 

 

Here: $0.2952/kWh

 

1% loss, -$0.2.


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  Reply # 1799679 13-Jun-2017 20:52
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kingjj:

 

Just after I typed my above comment Flick's weekly bill came through and it also indicates a 6% saving on $84.41. This is after a concerted effort not to use power this week we normally would have. EK would have come in at $89.63 for the same usage. Take 10% off of that for the Hour Of Power (which we could and would fully utilise) and I think with current spot pricing Flick makes less sense. Last winter would have certainly been cheaper for the same usage. I part blame lower lake levels and part blame Orion, there new peak pricing scheme is taking the mickey with over 20c per KwH being solely lines charges during peak times even before spot pricing is added.

 

Seeing as both Flick and EK are contract free I think we'll take the plunge and switch for the colder months and jump back to Flick in the spring. The refer a friend credit on EK of $50 certainly makes that more cost effective.

 

 

Ditto, my last bill just came through, and it was actually 4% more than my old plan, and more than 10% more than what Mercury would have charged me. 

 

As far as I can tell Flick's winter peak lines charge is not a direct charge by Orion.  I think Orion actually charge a daily fee based on peak load during controlled periods, and that Flick had to get creative in order to pass this on as a per kWh charge (plus they want people to reduce their load during these hours).

 

Electric Kiwi are one of the more expensive options for me. Do they offer a day night rate? Their website only gave me an anytime rate 23c/KWh +GST, and if I assume 10% discount due to free hour, that it still quite a bit more than I get by shifting my hot water heating etc to night rates. I have a 300 litre HWC and changed my ripple control profile to only switch this on at night, it cost me $60 to do but the payback was only 2 months.

 

Mercury is the cheapest option for me, they not advertising a joining credit, but there is also no contract. Pricing is 63.83 cents/day + 28.4 cents/kWh day and 10.64 cents/kWh night (all ex GST, but the 12% prompt payment discount mostly cancels that out).

 

All it takes is a decent rainfall like we had in May 2016 to pull the spot prices down, but given the futures prices that ElectrictyTrader posted and the current lake levels makes it looks like Flick will not be cheaper for me for the next 3 months. 


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  Reply # 1799685 13-Jun-2017 21:04
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zerkms:

 

It really would be helpful if everybody shared the per-unit-price (total bill / units consumed) together with the "% saving". Since then one might see whether using the fixed price provider would be beneficial or not.

 

Here: $0.2952/kWh

 

1% loss, -$0.2.

 

 

Bill was $91.53 for 439 units (269 night, 170 day), so $0.2084/kWh. With Mercury would have been $81.79. Pretty cold down here that week.


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  Reply # 1799686 13-Jun-2017 21:04
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kingjj:

 

Am I wrong in expecting that the current spot prices will continue to be similar to those we've seen over the last few weeks during the oncoming winter? I'll admit I don't know enough about the market to understand where the pricing will move but if it is anything similar the current pricing for the new few months we will have to live the hermit life.

 

 

 

 

Futures prices are indicating that things are likely to go up before they come down, July in the South Island is trading at around 15c (average so higher in the peaks) whereas June at around ~12c.

 

There is colder whether on its way and no significant rain in the forecast, so probably unlikely they come down in the very near future. That pulse price in Auckland of 6.4c is well below what it would cost them to hedge on the forward market.

 

If the hydro storage situation gets really bad, under the rules, the retailers have to start paying customers for conserving energy so it might be hard to find good rates without having to lock into a contract. Then again, it might rain early... that's the nature of it.

 

https: // www.ea.govt.nz/operations/retail/retailers/retailer-obligations/customer-compensation-scheme/

 

 

 

 


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  Reply # 1799689 13-Jun-2017 21:09
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@kingjj and others worried about prices. The Metservice have issued a thunderstorm warning for the lower south island. And high wind warnings for lower north island. Also on the daily security of supply updates, there has been an uptick in the south island inflows that wasn't there yesterday. (scroll to bottom of page) Also last night the Metservice rain radar said that there was some heavy rain in the lower South island.

 

Interestingly a weekly security of supply update was meant to be released today. So far nothing, But this latest rain and forecast rain for tonight + heaps of wind generation. Might make all of the difference needed. Note that NZ doesn't have much hydro storage capacity. So a decent storm can easily completely fill the storage lakes.






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  Reply # 1799697 13-Jun-2017 21:39
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EnergyTrader:

 

kingjj:

 

Am I wrong in expecting that the current spot prices will continue to be similar to those we've seen over the last few weeks during the oncoming winter? I'll admit I don't know enough about the market to understand where the pricing will move but if it is anything similar the current pricing for the new few months we will have to live the hermit life.

 

 

 

 

Futures prices are indicating that things are likely to go up before they come down, July in the South Island is trading at around 15c (average so higher in the peaks) whereas June at around ~12c.

 

There is colder whether on its way and no significant rain in the forecast, so probably unlikely they come down in the very near future. That pulse price in Auckland of 6.4c is well below what it would cost them to hedge on the forward market.

 

If the hydro storage situation gets really bad, under the rules, the retailers have to start paying customers for conserving energy so it might be hard to find good rates without having to lock into a contract. Then again, it might rain early... that's the nature of it.

 

https: // www.ea.govt.nz/operations/retail/retailers/retailer-obligations/customer-compensation-scheme/

 

 

 

 

 

 

Only just seen this. Looks like Im quite literally raining on your parade. I will post another update tomorrow as the weekly security of supply update as well as my Flick bill for last week should be available (still waiting on 1 day of metering data).

 

Also for those posting details of their bills, it would help to post whether you are low user or standard user, and approximate area of the country you are in. Or if you don't want to say your area, just whether you are in North Island or South Island will help.

 

As South Islanders are getting murdered by late night prices due to the HVDC cable transferring power south late at night. Which at high south transfer levels makes it difficult to provide enough reserves to cover the risk of one or both of the cables tripping. If the Whole HVDC transfer can be met by just 1 cable, then the other cable can provide backup reserves for it. But if transfer amounts are larger than what 1 cable can provide, then more reserves are needed from elsewhere in the south island. This also depends on if the HVDC cable is the biggest "risk" or not.

 

My own bill (last weeks bill) Auckland, standard user. 190 units, 12.79c/unit +GST 11% saving. So far my pricing is still cheaper than both Pulse Energy and Electric Kiwi. Although Im not expecting this weeks bill to be that great. I have not included the fixed costs in the above figure, as all power companies charge similar fixed costs, and it would make it too hard to compare.

 

Admittedly my previous company was Contact Energy, but I don't know if Flick has used their standard rates or the pricing of my old fixed term plan in calculating my savings with them. The fixed term plan was quite a bit cheaper than their standard rates. Which made comparing power companies on Powerswitch difficult, as Powerswitch would say that I could get big savings by switching, But manually checking with my actual plan costs would then say either no saving or only a very small one.






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  Reply # 1799713 13-Jun-2017 22:24
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My latest bill was 114.9 units @ 9.4744 cents + GST per unit.  Christchurch Low User. 

 

Flick says this is a 2% saving over my previous provider's comparable plan (this was Nova Energy and I switched in July last year.)   I haven't done any price comparisons of my own yet.  This is the smallest saving I've had since switching and I suspect my next bill will not be a saving so I am keeping an eye on things but like most others I'm inclined to stay put for the moment.  


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  Reply # 1799718 13-Jun-2017 23:02
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Aredwood:

 

 

 

Only just seen this. Looks like Im quite literally raining on your parade. I will post another update tomorrow as the weekly security of supply update as well as my Flick bill for last week should be available (still waiting on 1 day of metering data).

 

 

 

 

 

 

Haha. Yip, could be. There is a bit of rain about but in this front unlikely to be enough to make any significant impact. For sure it should steady the decline for a few days though. Also the power station at huntly has started generating more to help things out... this comes at a cost though (fossil fuels). The weekly security of supply update might not have been published because Transpower has stepped up reporting to daily since last week (I think) because storage has dropped below the first 2 'risk curves'. There's an industry Telecomference about it all tomorrow, so might be some media following that. 


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