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.




655 posts

Ultimate Geek


# 209135 14-Mar-2017 09:45
Send private message

So switched over to P2power (www.p2power.co.nz) - after being with Meridian for ages...P2, offer a better buy back (for the first 50Kw per fortnight), and then slightly better/similar rates for retail power rates...end result was when comparing, there was no real reason to stay with Meridian...Was painless and quick to switch over.

 

Anyone else with them? 


Create new topic
3885 posts

Uber Geek

Subscriber

  # 1736593 15-Mar-2017 00:27

It says that the premium solar buy back rate is 16c / unit. Yet they will on sell that to non solar customers at 14c / unit. So I don't get how they intend to make money by selling power at a loss. Unless they have on purpose programmed limits into their system to cap the amount of power directly matched between customers. But that then removes their main benefit. As the prices for non matched power are nothing special.

I have been quoted cheaper rates by Pulse energy. Power shop are currently advertising that they will guarantee that you will save money with them. And I'm on a plan with Flick electric that is often less than 10c per unit for off peak power. And less than 20 people in all of Auckland are on that plan.

But then I don't have solar PV on my house. Agree those rates are good if you do have solar PV.

The most interesting part is that they seem to have found a way to avoid paying Vector lines charges. Yet there was nothing about it in the most recent pricing disclosure from Vector, that was released less than a month ago. Unless they are just eating the cost of the lines charges. And therefore making a really big loss.





neb

1259 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1736815 15-Mar-2017 12:31
Send private message

Aredwood: It says that the premium solar buy back rate is 16c / unit. Yet they will on sell that to non solar customers at 14c / unit. So I don't get how they intend to make money by selling power at a loss.

 

 

They sell at a loss, but make up for it in volume.

 
 
 
 




655 posts

Ultimate Geek


  # 1736821 15-Mar-2017 12:53
Send private message

plus the premium rate is only for the first 50kwh per fortnight - and then the rate steps back down to the industry standard....

 

But, yeah I am sure there are better/cheaper ways to get rates (eg Flick Powershop etc), but for me, they quickly fall into the cbf bucket - can't be arsed managing power - so that leaves my options with the main "standard" providers that do flat type rates...so for me the move from Meridian to P2 was a no brainer - its not a massive difference tbh, but hey I figured I would support a new player that had some different ideas (disrupt the market maybe and get some of the larger players to think outside the box). 


21440 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1736848 15-Mar-2017 13:21
Send private message

neb:
Aredwood: It says that the premium solar buy back rate is 16c / unit. Yet they will on sell that to non solar customers at 14c / unit. So I don't get how they intend to make money by selling power at a loss.
They sell at a loss, but make up for it in volume.

 

Ahem, if you do higher volume of loss-making activities, you lose MORE money. 


neb

1259 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1736849 15-Mar-2017 13:22
Send private message

networkn:

neb:
Aredwood: It says that the premium solar buy back rate is 16c / unit. Yet they will on sell that to non solar customers at 14c / unit. So I don't get how they intend to make money by selling power at a loss.
They sell at a loss, but make up for it in volume.

 

Ahem, if you do higher volume of loss-making activities, you lose MORE money. 

 

 

Whoosh.

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 »

Microsoft Translator understands te reo Māori
Posted 22-Nov-2019 08:46


Chorus to launch Hyperfibre service
Posted 18-Nov-2019 15:00


Microsoft launches first Experience Center worldwide for Asia Pacific in Singapore
Posted 13-Nov-2019 13:08


Disney+ comes to LG Smart TVs
Posted 13-Nov-2019 12:55


Spark launches new wireless broadband "Unplan Metro"
Posted 11-Nov-2019 08:19


Malwarebytes overhauls flagship product with new UI, faster engine and lighter footprint
Posted 6-Nov-2019 11:48


CarbonClick launches into Digital Marketplaces
Posted 6-Nov-2019 11:42


Kordia offers Microsoft Azure Peering Service
Posted 6-Nov-2019 11:41


Spark 5G live on Auckland Harbour for Emirates Team New Zealand
Posted 4-Nov-2019 17:30


BNZ and Vodafone partner to boost NZ Tech for SME
Posted 31-Oct-2019 17:14


Nokia 7.2 available in New Zealand
Posted 31-Oct-2019 16:24


2talk launches Microsoft Teams Direct Routing product
Posted 29-Oct-2019 10:35


New Breast Cancer Foundation app puts power in Kiwi women's hands
Posted 25-Oct-2019 16:13


OPPO Reno2 Series lands, alongside hybrid noise-cancelling Wireless Headphones
Posted 24-Oct-2019 15:32


Waikato Data Scientists awarded $13 million from the Government
Posted 24-Oct-2019 15:27



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.