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

 

Pre-Budget: Computer Emergency Response Team, Assemble!

John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

ALSO:

Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO

“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

ALSO:

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news