Electricity price plans.

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rayonline

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#114926 7-Mar-2013 14:17

Genesis told us that they are gonna hike the price about 5%. Those diff pricing plans do they need to have diff power meters before you can get on them? Also I know what is a variable night and day plan but what is a controlled rate plan?

I know that people let them control your water heater ... but do people actually have specific power outlets that let them control when hey turn it off and on too?

Thanks.

richms

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#776424 7-Mar-2013 19:37

Only fixed loads can be controlled, otherwise you would only plug things into the controlled outlet when it had power and at other times move it to the other outlet.

Their "advanced" meters can do time of use metering, but you cant see the data on the meter, just on the web after a few days.

Richard rich.ms

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#776454 7-Mar-2013 20:22

Received an email from Powershop saying my electricity is going up 4.5% from April.

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sonyxperiageek

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#776463 7-Mar-2013 20:52

Thank goodness I'm still on a "3-year Mercury Energy" plan! Finally something useful has come out of this contract? (which, btw, lasts for another year.....)

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Aredwood

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#776482 7-Mar-2013 21:21

Don't know where you are in NZ, but if you are in Auckland Contact are doing a fixed price plan that is fixed until end of October 2015. I signed onto it since the quoted prices were cheaper than all of the companies listed on switchme.co.nz for my area (North Shore, Auckland) Their fixed price includes the line charges (Mercuries one doesn't!). As far as I know the plan Im on is not offered if you just ring up. They have people doing door to door sales offering it. My prices are 91.220c Daily charge and 20.884c Per kW/Hr. Those prices are +GST and before a 10% prompt payment discount. Standard user, Single meter, Controlled hot water. Only thing I forgot to check before signing up is whether they allow you to switch between standard user and low user. If I can't then I have probably punked myself.

Have been signed on for less than a month and already had 2 flatmates move out (a couple) and have installed another solar hot water panel. No more need for electric boost. Im sure I will be in the low user bracket now.

rayonline

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#776548 7-Mar-2013 23:17

Cheers - Not from AKL. In WGN. Surprised that Contact accept those prices. They are normally one of the pricier ones, their anytime plans I think is 26 or 28c a kW. After the hike it's 21c per kW and $1.01 per day. The prev owner had controlled water, so we have that plan (composite) even thou we moved our water to continuous gas ;)

hatchi

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#776551 7-Mar-2013 23:27

Just been told about increases from glo-bug in Christchurch.

They are 'minimising' the impact of the costs by doing two increases this year...

On 1st April glo-bug will pass on the commerce commissions regulated distribution and transmission increase by 4.5%, and also increase the energy charge by 3.5% - these combine to a total cost increase of 3.8%

A further 6.0% in energy charge will come through on 1st November, equating to a total cost increase of 3.9%

"An average increase of $12 a month"

They very kindly changed us to their new low user plan of
$0.3450 / day charge + $0.2468 / kWh

Not sure if this is a good thing or not.

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vexxxboy

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#776608 8-Mar-2013 07:44

actually Contact are one of the cheapest . You get a 22% discount of your bill if you use internet banking and you do everything online, i use it and havent found anyone that is cheaper

Common sense is not as common as you think.

Skolink

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#776638 8-Mar-2013 08:45

I’ve recently switched to Genesis Energy, having had a visit from door-to-door sales reps.After they left I did a proper calculation as to how much I would save based on last year’s consumption (excluding January).

I would actually only save $22.38 based on last year’s Powershop prices, even after the GE 10% prompt payment discount

However, Genesis provide a $50 credit, and more importantly the offered ‘winter special’ from Powershop was 28c/kWh compared to 23.86c/kWh for July last year, a 16% increase. If this increase is across the whole year, then I will actually save $243.70 (plus $50 credit).

The deal with Genesis is

Daily charge 38.3295 c/day (incl GST)

Day 27.761 c/kWh

Night 13.018 c/kWh

Fixed for 1 year. If I leave within the year I must pay $98 fee.

I checked Meridian prices, but they are about 30c/kWh during the day (depending on if you go fixed or variable)

The other advantage is that if I wait until 9pm to put on the dishwasher or dryer, I am immediately saving money, not just influencing the offered unit price as with Powershop.

On my latest bill I also noticed another bonus - GE are charging me night rate for Weekend Day! Powershop gives a 20% rebate for Weekend Day. I haven't calculated the additional savings this will give me.

Behodar

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#776680 8-Mar-2013 09:49

Hmm, I think I'm going to have to review my options again since it's been a while since I last did. I'm currently with Energy Online (83.38/day + 24.22/kWh inc GST after discount) and it seems at a glance that Genesis (93.15 + 23.34) will save me a few dollars per month. I'll need to dig out my bills and see what my actual usage is like :)

vexxxboy

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#776781 8-Mar-2013 11:49

Behodar: Hmm, I think I'm going to have to review my options again since it's been a while since I last did. I'm currently with Energy Online (83.38/day + 24.22/kWh inc GST after discount) and it seems at a glance that Genesis (93.15 + 23.34) will save me a few dollars per month. I'll need to dig out my bills and see what my actual usage is like :)

i was with Genesis and moved to Contact to get the 22% discount , Genesis has cheaper rates but with only 10 % discount and there rates only 5-6% less than Contact im still 6% better off

Common sense is not as common as you think.

rayonline

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#776817 8-Mar-2013 12:25

Cheers. I did some maths. Seems Contact have their anytime plans with 2 meters which is kinda like composite anyway.

My maths was a bit cheaper than Contact despite the internet special but since we have gas as well .. Contact's dual power discount was about 12% less than GE, but the folks here don't really use the internet.

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rayonline

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#776981 8-Mar-2013 16:18

Thanks, indeed contact's 22% off is cheaper. May change over for the timebeing can just change again in the future, would need to coordinate the bills myself thou for them. The 15% dual discount can still be taken right with the 22%? They have a 2yr locked plan isn't as good as the 22% off, the 22% doesn't apply to it nor the 15%.

rayonline

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#777024 8-Mar-2013 17:46

I queried with them ... for me it looks like GE is cheaper. The discount is up to 22%. So it's 10% at the post office or 15% if you have dual power or 22% if you have online payments.

The prev invoice so just take electricity to be easier.
GE's price hike in April - 585kW * 0.2416 + 29days * 1.1615 = $175.02 less 10% discount = $157.52.

Contact - 585kW * 0.30177 + 29days *1.2903 = $213.95 less 22% discount = $166.88.

Contact's rate is 0.29959 + 0.00158 = 0.30117 per kW.