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  Reply # 1851493 23-Aug-2017 20:20
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I dont get this. The posts about the spikes were bigly. Up to $1-20 kWh, often in the high teens. So allow days and days and days at those rates, yet a few here said that the extra costs was minimal. Id have thought it would have been tens o dollars per dat for many days? 

 

Me, the cold times were 40kWh. Says\ its only 25. At peak hours of $1 plus or minus, thats huge. But I'm hearing very very small numbers here


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  Reply # 1851536 23-Aug-2017 21:32
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I guess its because when the figures are really high, most people run around switching everything off, resulting in minimal costs anyway. (Just loads of stress)

 

The problem for me was that I could not do this. At my worst (mid July) I had 2 days of $40 each in a row, but I was at work.


 
 
 
 


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  Reply # 1851546 23-Aug-2017 22:16
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@tdgeek I have gas cooking and heating, running on LPG. The LPG costs me 15.8c per Kw/Hr inc GST. So when prices are high, I just use LPG heating instead of electric heating. I also have solar hot water + battery backup for my router, ONT etc. Im also on a peak/offpeak price plan which Flick is the only power company AFAIK in Auckland that offers that plan.

 

So load shifting and substitution + savings from the peak/offpeak plan. All means that I can get through some quite nasty price spikes without much losses. Im also going to be adding solar PV and adding to my battery storage capacity. Mainly to offset my peak usage, but it will also help in future price spikes. And I will still have power during power cuts.

 

The people who would have felt the most pain from the price spikes would have been those who have full electric houses. Therefore not much ability to time shift. There definitely have been people who lost alot due to those spikes. (look at the Flick Electric Facebook page) But alot of those people would not have been suited to a spot price power plan anyway.

 

Interestingly, there is an article in today's NBR (paywalled) where Mercury energy is complaining that electricity hedge contracts 2 years from now are not expensive enough.






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  Reply # 1851641 24-Aug-2017 07:47
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Aredwood:

 

@tdgeek I have gas cooking and heating, running on LPG. The LPG costs me 15.8c per Kw/Hr inc GST. So when prices are high, I just use LPG heating instead of electric heating. I also have solar hot water + battery backup for my router, ONT etc. Im also on a peak/offpeak price plan which Flick is the only power company AFAIK in Auckland that offers that plan.

 

So load shifting and substitution + savings from the peak/offpeak plan. All means that I can get through some quite nasty price spikes without much losses. Im also going to be adding solar PV and adding to my battery storage capacity. Mainly to offset my peak usage, but it will also help in future price spikes. And I will still have power during power cuts.

 

The people who would have felt the most pain from the price spikes would have been those who have full electric houses. Therefore not much ability to time shift. There definitely have been people who lost alot due to those spikes. (look at the Flick Electric Facebook page) But alot of those people would not have been suited to a spot price power plan anyway.

 

Interestingly, there is an article in today's NBR (paywalled) where Mercury energy is complaining that electricity hedge contracts 2 years from now are not expensive enough.

 

 

Thanks, makes sense.

 

Ive finally sorted out my Solar HW. Top thermostat failed so I had only bottom element use. Thats now turned off. Its a boost system. Also reset the three timers, so I now have one hour boost 7am to 8am, and 9pm to 10pm my EK free hour. Solar picks up the tab during the day to a lower or reasonable degree at the moment


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  Reply # 1851642 24-Aug-2017 07:51
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Wiggum:

 

I guess its because when the figures are really high, most people run around switching everything off, resulting in minimal costs anyway. (Just loads of stress)

 

The problem for me was that I could not do this. At my worst (mid July) I had 2 days of $40 each in a row, but I was at work.

 

 

Ouch. Didnt make sense when some here said the spike period of many days cost me $30 lol 


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  Reply # 1851650 24-Aug-2017 08:14
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My bill this past week was $48.  For the week with the bad spikes it was $120.  Still I don't regret sticking with Flick through it.


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  Reply # 1851668 24-Aug-2017 08:50
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Castle:

 

My bill this past week was $48.  For the week with the bad spikes it was $120.  Still I don't regret sticking with Flick through it.

 

 

And fair enough, you will have many weeks at lower rates to even out the spike




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  Reply # 1855568 31-Aug-2017 00:20
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Flick needs to reward its loyal customers by providing discounts that match the duration of continuous business.


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  Reply # 1855578 31-Aug-2017 06:58
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gchiu:

 

Flick needs to reward its loyal customers by providing discounts that match the duration of continuous business.

 

 

Flicks margin is around 3c / kwh from memory. There's not a lot of room there for discounting.





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  Reply # 1855581 31-Aug-2017 07:07
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timmmay:

 

gchiu:

 

Flick needs to reward its loyal customers by providing discounts that match the duration of continuous business.

 

 

Flicks margin is around 3c / kwh from memory. There's not a lot of room there for discounting.

 

 

Flick, like EK is a low price, lower overhead provider, the discounts we get are our lower daily prices. Cant have the cake and eat it


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  Reply # 1855784 31-Aug-2017 10:54
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On all standard user rate plans, the Flick margin is 1.5c per unit and 40c per day. On low user plans the margin is a little bit higher per unit. But no fixed margin.

And due to the low user regulations, calculating what prices you can charge is actually really complex. And means that profit margin per customer will vary a lot. Even for Flick Electric.







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  Reply # 1856003 31-Aug-2017 15:35
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tdgeek:

 

timmmay:

 

gchiu:

 

Flick needs to reward its loyal customers by providing discounts that match the duration of continuous business.

 

 

Flicks margin is around 3c / kwh from memory. There's not a lot of room there for discounting.

 

 

Flick, like EK is a low price, lower overhead provider, the discounts we get are our lower daily prices. Cant have the cake and eat it

 

 

 

 

The ones jumping to EK over dry winters are the ones eating cake.

 

I just want some dessert occasionally.


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  Reply # 1856008 31-Aug-2017 15:44
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gchiu:

 

tdgeek:

 

timmmay:

 

gchiu:

 

Flick needs to reward its loyal customers by providing discounts that match the duration of continuous business.

 

 

Flicks margin is around 3c / kwh from memory. There's not a lot of room there for discounting.

 

 

Flick, like EK is a low price, lower overhead provider, the discounts we get are our lower daily prices. Cant have the cake and eat it

 

 

 

 

The ones jumping to EK over dry winters are the ones eating cake.

 

I just want some dessert occasionally.

 

 

But you want a discount on a discount


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  Reply # 1856117 31-Aug-2017 19:29
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Im on a peak / offpeak pricing plan which AFAIK Flick Electric are the only power company in Auckland who offer it. So I can have my cake and eat it without needing to switch power companies to try and time the wholesale market. As that plan gives me larger than normal savings, As I pay overall lower lines fees on that plan than what I otherwise would. There is also a pricing anomaly which means that any loads which run 24/7 at a constant load, are actually cheaper on that plan than the "anytime" plan. You just have to avoid any loads which only run during peak times.

 

Im also slowly setting up a solar PV system, which only needs to offset the peak loads. For more savings, and backup power.

 

Note also that predicting the wholesale price of power long term in the future is like trying to predict when is the best time to buy and sell shares. It is easy to look back in history, but past history can't be relied on to gauge future performance. For example the winters of 2015 and 2016 had low winter wholesale prices. I have means of managing higher wholesale prices, but alot of people don't.

 

It is almost like investing money. Long term, shares earn higher return than bank deposits. Some people can easily handle the higher risk of share investment, while others should stick to bank deposits.

 

 

 

[edited to add]

 

Going off some NBR articles, Mercury energy made massive extra profits due to the dry spell. As they have mostly north island hydro, which mostly maintained good flows. Trustpower also did well (as they also own North Island hydro generation). Contact made big losses as a result as they were overselling hedge contracts (which had previously worked well for them). So even the big companies get knocked around financially due to the weather.






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  Reply # 1863079 12-Sep-2017 22:06
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jpwise:

 

gchiu:

 

I've created a new script for those who know their supply_node details to dump the current and 30 minute predicted price.  It now sleeps until the next price change over but you can change it to whatever you like.  

 

rebol-api-script

 

 

After almost 2 hours cracking my head at it, I've finally got a ren-c r3 binary that actually functions on the raspberry pi. :)

 

Looking forward to the next step of trying to integrate the output into openhab, followed by building an rflink module to turn on/off 433mhz plugs dependent on what the spot prices are doing.

 

 

Hey @gchiu - do you know if they've changed the API this week? Getting authentication errors now.

 

** Access Error: protocol error: "Authentication not supported yet" ** Where: fail switch awake switch check-response switch --anonymous-- wake-up either until --anonymous-- wait until sync-op either --anonymous-- write either do catch either either --anonymous-- do trap if --anonymous-- ** Near: _ fail error ?? **

 

No changes to the script, but doesn't look like it's been able to receive updates since just after the spike on Monday morning.

 

Thx.

 

Jp.

 

 





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