Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


TrustPower Takes Close Look At Metering Options

TrustPower Takes Close Look At Metering Options

Listed electricity retailer/generator and telco provider TrustPower has gone to the market with a smart meter Request for Information (RFI).

The purpose of the RFI is to seek information from the market around:

• the smart metering technologies and capabilities currently available in the NZ market (TrustPower believes there has been a recent decrease in technology costs);
• potential business models that could be pursued (i.e. could TrustPower buy and operate the meters itself or take a service, or a mixture of the two);
• what propositions could be offered to TrustPower’s retail customers through the use of smart metering

The RFI requests proposals with respect to TrustPower’s retail customer base only (206K ICPs).

TrustPower will use the RFI process to determine whether or not there is a business case/proposition to transition some (or all) of its retail customers on to advanced metering. If the process shows that a business case does exist, TrustPower would then look to undertake a pilot/proof of concept towards the end of 2013 calendar year.

Simon Clarke, TrustPower’s General Manager Business Solutions and Technology, says TrustPower has not made any decision to transition its customer base to smart metering. The RFI process is simply designed to discover if or where a value proposition exists.

“We are issuing the RFI to a selected bunch on industry players to see what options are available, because we think there has recently been a significant move downwards in technology costs which may make the business case more attractive. We also think the advanced meter market has begun to mature, and we are keen to understand what business model options may be available to us.”

Mr Clarke said that TrustPower’s existing in-house metering model, where the company owned its own meters and employed its own readers (rather than contracting the service out), made it more difficult for the company to demonstrate a good business case.

“There are two reasons for this. One is the fact that our meter asset and reading team has done such an excellent and efficient job, delivering a quality asset and the standard of service we want and our customers expect. The other is our customers, because to date, we have not been able to identify any real benefits from advanced metering for the people we sell power to. If that has changed, we will make a move towards smart metering.”

TrustPower’s RFI closes at the end of February.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

ALSO:

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news