AECT refund and all those adverts. What gives?

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hairy1

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#153657 3-Oct-2014 19:04

I am in Counties power country but driving around Auckland today I was dumbstruck with the number of adverts by AECT advertising their annual refund. It was on the back of two buses, a bus stop and we heard some guy pretending to be a kingfisher on the radio twice telling people to check their mail boxes for a cheque from AECT (as if they wouldn't be checking their mail)

This makes me a bit mad. What is the reasoning behind these ads? It seems to be irresponsible use of AECT funds to me...

My views (except when I am looking out their windows) are not those of my employer.

nathan

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#1146897 3-Oct-2014 19:22

its called a money go round, a bit like Working For Families

We will take money off you in the form of power bills, cycle it around our system, hold onto it for a year earning interest, cream a bunch of admin fees, board member wages, processing fees etc, then give it back to you later, and you'll love us for it

hairy1

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#1146905 3-Oct-2014 19:31

Yeah. I get the money go round but all the money spent advertising the refund seems insane. It is not like the consumers have a choice.

My views (except when I am looking out their windows) are not those of my employer.

nathan

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#1146937 3-Oct-2014 20:23

so are you asking why an incumbent monopoly would self promote?

hairy1

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#1146938 3-Oct-2014 20:24

Yep!

My views (except when I am looking out their windows) are not those of my employer.

Andib

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#1146941 3-Oct-2014 20:26

Because people will remember their $335 refund when it comes time to re elect the board

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nathan

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#1146948 3-Oct-2014 20:50

indeed, people are stupid

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Geektastic

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#1147009 3-Oct-2014 22:48

nathan: its called a money go round, a bit like Working For Families

We will take money off you in the form of power bills, cycle it around our system, hold onto it for a year earning interest, cream a bunch of admin fees, board member wages, processing fees etc, then give it back to you later, and you'll love us for it

Sounds like the old government owned powercos...!

We'll overcharge you all 25% and then tell you what a marvellous 'profit' we made and return it to the government as 'dividends' because if they called it 'tax' which is what it really is, you'd complain....

Aredwood

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#1147027 3-Oct-2014 23:20

At least you don't live in the former Waitemata power board area (West Auck and North Shore). As you don't get any refund cheques. And Vector charges higher prices to the power retailers in the Waitemata area, than what it charges in the Auckland lines area. Waitemata Charges and Auckland network charges Fixed fees are the same, but the variable charges are different.