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

 


One million smart electricity meters now installed

One million smart electricity meters now installed


The rollout of smart electricity meters has reached a milestone with one million of the electronic meters now installed in New Zealand homes and businesses.

New Zealand’s smart meter rollout has largely been driven by three of the large electricity retailers who have used it as an opportunity to gain a competitive edge in the market. In most other countries where smart meters have been implemented the rollout has been mandated.

Carl Hansen, Chief Executive of the Electricity Authority says New Zealand’s approach is paying off for consumers. “Strong competition between retailers has meant the meters are being installed free of charge to consumers. In other countries, consumers have been charged up to $900 to have a smart meter installed.

“Customers are now also seeing the benefits of more innovative pricing and services, for example many retailers are now marketing special packages for those with smart meters, particularly to encourage and reward off-peak electricity usage.”

Smart meters also mean consumers are able to monitor their electricity usage more closely which can assist with reducing electricity consumption.

Genesis Energy has installed the most smart meters with 395,754 connection points (including those installed for its Energy Online brand).

By April 2015 it is estimated there will be more than 1.2 million smart meters in New Zealand, with just over 800,000 of the traditional meters remaining.

Note: All data as at 31 December 2013. On this date 1,001,475 of the 2,066,827 connection points in New Zealand were recorded as having smart meters installed.


— ends —

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news