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  Reply # 1847814 16-Aug-2017 22:56
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I fully agree with @miked But to add to that, EK at least helps somewhat by encouraging some usage to be shifted to offpeak times. Also with Flick, Sometimes spot prices fall to virtually 0. When that happens, I go around the house to see what electrical tasks can be done. Mainly run washing machine, dishwasher. Run the spa filter pump. Check the hot water cylinder temps and if neccessary boost it's temp. (cylinder is heated by solar). See if any TIG welding needs to be done.

 

Also see if any water related tasks need doing, as Im on tank water, therefore using water means Im also using power for my pumps.

 

When the spot prices are super low, Must run generation such as Wind, Geothermal, run of river Hydro. Are hardly receiving any money despite feeding into the grid. And they can't save their energy sources for later generation when spot prices are higher. So higher demand elasticity (more loads that increase or decrease in relation to spot prices) Is especially good for those renewable generators. And it is also good for the National grid, and local distribution lines. As when demand is low and prices are low, if you increase your own demand. You don't add any extra costs to Transpower or your lines company, But the renewable generators will be thankful for you. As you will be helping to keep their revenues steady. You will also be helping to encourage more Wind, Geothermal, and Run of River Hydro to be built. And of course you will be helping to reduce future CO2 emissions as well as today's CO2 emissions.

 

As I have previously posted, Lines companies should be charging based on capacity. As that is what their main cost is. That would allow retail per kW/Hr prices to fall to similar levels to wholesale prices. Lots of lines companies do this indirectly by adding large surcharges onto power used during peak times. But those charges are not allowed to be set to reflect true costs. Due to needing to comply with the Low user charging regulations.

 

Just imagine in exchange for a fixed capacity fee, based on a capacity that you specify. You could get electricity for just 10c per unit fixed rate. Or even lower than that especially during off peak times. With a few simple law changes, that dream could be reality. And it would end the current silly situation where for most people, LPG and Diesel are cheaper per unit than electricity. (Current generation smart meters can be programmed to limit capacity, so no risk of nasty excess capacity fees if you go over your contracted capacity).






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  Reply # 1847857 17-Aug-2017 06:50
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Aredwood:

 

I fully agree with @miked But to add to that, EK at least helps somewhat by encouraging some usage to be shifted to offpeak times. Also with Flick, Sometimes spot prices fall to virtually 0. When that happens, I go around the house to see what electrical tasks can be done. Mainly run washing machine, dishwasher. Run the spa filter pump. Check the hot water cylinder temps and if neccessary boost it's temp. (cylinder is heated by solar). See if any TIG welding needs to be done.

 

 

You know what I love about EK? Not having to do any of that. I can, with the free hour, but I don't have to. I use power when I need it. The bill is reasonable.





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  Reply # 1848767 19-Aug-2017 00:08
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I do that because I like doing it, and it saves me money. It's no different to stocking up on non perishable goods from the supermarket, if the supermarket runs a good price for an item that you normally buy.

 

And it also helps the proper function of the electricity market. Meaning making demand fall if prices go up, and demand go up if prices fall.

 

Another big factor is that Im on a peak / offpeak pricing plan, which is giving me big savings due to taking advantage of the much cheaper offpeak power. (these savings are extra to the savings from buying from the wholesale market with Flick).  AFAIK Flick Electric is the only power company in Auckland to offer that plan. Going from Flick standard user, to Flick Smart user (peak/offpeak) approx doubled my weekly savings % according to the Flick billing system.

 

Im also going to be getting a small Solar + battery system at some point. Which only needs to be able to store enough power to offset my already low peak time usage. So I can get good savings from solar, with only a small amount of storage.






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  Reply # 1849344 20-Aug-2017 19:24
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I think it would be quite interesting to graph the correlation between the rate of posts in this channel vs the short term average$ of spot price.
I guess that is kinda the theme of the channel isn't it?

Come on, someone needs to chew those numbers...



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  Reply # 1849367 20-Aug-2017 19:59
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Heh Heh, I know what you mean. But earlier on in this thread, there was alot of discussion from people who were thinking of joining Flick or who had just joined. Wanting to know how to get the most out of it. And it was mostly me and a few others giving most of the replies. Some of those people probably ended up here due to googling Flick Electric.

 

So there will probably be some short term trends. But I don't think they will hold over the entire lifetime of this thread. Then again, it seems that EK is the new favourite power company on GZ. I remember when Powershop was the favourite power company on GZ.

 

Also Powerswitch used to always say that Flick Electric is the cheapest power company. Then they started saying that Mercury was the cheapest. Now they are saying that Meridian is the cheapest. Which doesn't help in my case, as the Powerswitch site doesn't allow me to pick the correct plan that Im on. Yet it offers lot's of plans that you can't even get in Auckland.

 

You can also see powershop's changing whims in the switching figures on the Electricity Authority website.






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  Reply # 1850679 22-Aug-2017 21:19
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Prices have definitely settled now, as you can see we saved money for the first time in ages. Hopefully this encourages some of you to switch back to Flick.


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  Reply # 1850685 22-Aug-2017 21:43
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Is that a new flick visualisation?




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  Reply # 1850708 22-Aug-2017 21:54
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timmmay: Is that a new flick visualisation?


Yes, I think they introduced it around the time of the biggest price spike. It's definitely a clever way of retaining customers during price spikes.

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  Reply # 1850712 22-Aug-2017 21:58
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 @timmmay Yes. It is on the bottom of the "snapshot" page when you login(desktop), and on the bills tab of the Android app. And it tells you your savings % for that week when you hover over each column.

 

And yes the savings are definitely back for me as well. I saved 16% on my latest bill. Week of 7/8 - 13/8 My total units used was 197 and average raw wholesale price was 6.78c per unit. Previous bill was -4% savings, so my savings graph jumps from red to a tall green bar in just 1 week.

 

[edited to add]

 

My total "losses" due to the bad weeks was $-22.87, which is less than 1 weeks average power usage for me. The worst week was a loss of $9.26 Yet my savings for the latest bill was $7.75. So in only 1 month approx, I would have recouped my losses. And even if next year is also a dry year, I should get another 11 months of savings until then. Still got another $-15.12 to recoup. I had a total of 8 weeks where I had losses + 1 week where savings were only 1%.






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  Reply # 1850817 23-Aug-2017 06:59
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My total losses across 2 months, according to Flick, were around $78. It's a 5% hit to the overall savings as reported by Flick.

My normal weekly winter bill is around $40, The worst week by far was $68. We didn't do a heck of a lot differently during the spikes.




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  Reply # 1850840 23-Aug-2017 07:28
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My losses were zero and I didn't have any stress about spikes ;) EK doesn't do savings in the same way, but in two months I've saved $111 over the main power company in my area, which is around 24%.

 

I saved a bunch with Flick, but I'm saving with EK as well. Maybe I'll change back, but that'd mostly be because EK customer service around faults leaves a lot to be desired - though they tell me they've fixed some aspects and are working on others like the website.





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  Reply # 1850959 23-Aug-2017 08:38
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I switched to Flick in January after years with Powershop, and I'm glad I did despite the dry Winter because I like the Flick pricing model on principle.

 

There was one particular expensive week (just over $80, saving -58%) but the latest bill is just under $40 and back to positive savings.


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  Reply # 1851203 23-Aug-2017 12:32
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timmmay:

My losses were zero and I didn't have any stress about spikes ;) EK doesn't do savings in the same way, but in two months I've saved $111 over the main power company in my area, which is around 24%.


I saved a bunch with Flick, but I'm saving with EK as well. Maybe I'll change back, but that'd mostly be because EK customer service around faults leaves a lot to be desired - though they tell me they've fixed some aspects and are working on others like the website.


I'm a bit crook, so forgive me if this comes across wrong.

I appreciate that you're happy with EK, but the constant posts are starting to sound a lot less Flick related, and significantly more EK related.




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  Reply # 1851206 23-Aug-2017 12:36
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andrewNZ:
I'm a bit crook, so forgive me if this comes across wrong.

I appreciate that you're happy with EK, but the constant posts are starting to sound a lot less Flick related, and significantly more EK related.

 

Ok, I'll Flick it back to the original topic :)





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  Reply # 1851210 23-Aug-2017 12:42
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Sam91:

 

Prices have definitely settled now, as you can see we saved money for the first time in ages. Hopefully this encourages some of you to switch back to Flick.

 

 

Yea I jumped to EK. I'm holding off until at least mid Sep to jump back to Flick.


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